Word: fraud
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Dates: during 1980-1989
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...papers released last week merely added to the mounting evidence of Marcos' misdeeds, including apparent fraud, corporate kickbacks and attempted embezzlement of U.S. aid. The incriminating material, which Marcos brought with him to Hickam Air Force Base in Hawaii when he fled, became available after more than two weeks of legal wrangling among Solarz, Salonga and Marcos' lawyers. The maneuvering gave the Philippine government a foretaste of what it will face in the months, and perhaps years, ahead as it tries to recover the former leader's riches. The jockeying was also an early test of relations between President Reagan...
Indeed, Reagan will not be judged on his initial blunder about fraud in recent Philippine elections; he will be remembered for helping to remove a longstanding dictator and reestablishing a democracy in the island nation. His job was to oversee U.S. policy toward Marcos in the broadest sense...
...those horror stories of waste by the Pentagon and fraud by defense contractors--the $400 hammers, the $600 toilet covers--have taken a toll on the national consensus for reversing what Reagan has called the "decade of neglect" that sapped U.S. military strength in the 1970s. For the first time since Reagan launched his $1.5 trillion defense buildup five years ago, polls show sharply declining support for increased military spending. In Congress, deficit cutters in both parties are arguing that the Pentagon cannot be exempted from the budget ax. And two days after the President spoke last week, a commission...
...commission report is in spots bluntly critical of the way the Pentagon and Congress shape defense budgets. "There is no rational system," the report states, for reaching "coherent and enduring agreement on national military strategy." With some exceptions, "weapons systems take too long and cost too much to produce." Fraud and dishonesty are not principally to blame, says the report; rather, "the truly costly problems are those of overcomplicated organization and rigid procedure...
...months after Burnett's parole from a federal prison on charges of currency manipulation and possession of stolen stocks, and the con man seemed a sure bet for a return stretch. But he was no run-of-the-mill criminal. For 30 years Burnett had negotiated light sentences for fraud and other crimes by informing for the FBI. Now he again offered to trade, telling the FBI that while working for Systematic Recovery Service, a collection agency trying to secure municipal contracts in New York and Chicago, he had stumbled into widespread political corruption...