Word: fraud
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Dates: during 1990-1999
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Even before the Marcoses were indicted in late 1988 for racketeering, mail fraud and obstruction of justice, Imelda was hoping to exercise her old influence. In a "Dearest Nancy" letter to the then First Lady, she pleaded -- to no avail -- for the Reagans to help with the Marcoses' legal problems. At least old friend Doris Duke came through with bail. For his involvement, Khashoggi, a man of multiple houses but no fixed address, was saddled with bail of $110 million -- and an electronic ankle band that keeps prosecutors informed of his whereabouts as he roams from smart Manhattan boites...
...according to Goodman, Garsd did not introduce his accusations of fraud in the trial...
...mess, the biggest financial scandal in U.S. history. But the Dixon case underscored the difficulty of prosecuting complicated financial crimes. The Government took more than three years to build its case against Dixon alone. And U.S. officials have not yet investigated 7,000 more tips about possible fraud at S&Ls. With so many leads and limited resources, the Justice Department may be able to prosecute only the most egregious misdeeds that befell thrifts in the 1980s...
...enormity of Vernon's failure -- 96% of its loans were overdue when the Government took over -- the indictment strikes some critics as tardy and tame. The Justice Department contends that it has been moving as quickly as possible, although last year it left $26 million unspent out of a fraud-fighting budget of $75 million. "These complicated white-collar-crime cases take time to develop," says Attorney General Dick Thornburgh. In north Texas alone, the Government is investigating more than 500 individuals affiliated with 38 different...
Under pressure from Congress, the Justice Department has been beefing up the staff and budget devoted to the scandals. The agency has $110 million to spend this year, which has enabled it to hire 368 more financial-fraud investigators, as well as 202 FBI agents and 118 more assistant U.S. attorneys. Congress may provide further help. One bill would create "strike forces" to investigate fraud and provide higher salaries for prosecutors of bank crimes. Says Nancy Kassebaum, the Kansas Republican who introduced the measure in the Senate last week: "It is time to take off the gloves and unleash...