Word: fraud
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Dates: during 1990-1999
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Forbes also finds himself having to explain some gaps between words and deeds. An outsider campaigning against waste, fraud and abuse, Forbes was very forgiving of profligacy during his only government tour, when he served as the unpaid chairman of the Board for International Broadcasting, an independent government agency that oversaw the operations of Radio Free Europe and Radio Liberty from 1985 to '93. Far from downsizing in his tiny corner of the government, his agency's budget doubled during his tenure. Government audits considered it "improper" that under Forbes' leadership, Eugene Pell, the president of Radio Free Europe/Radio Liberty...
WASHINGTON, D. C.: Former Associate Attorney General Webster Hubbell took time out from the 21 month prison term he's serving for Whitewater-related fraud to go before the Senate Whitewater Committee for the third time on Wednesday. Hubbell denied that he intentionally misled federal regulators in their inquiry two years ago into a possible conflict of interest in the Rose law firm where he and Hillary Clinton were both partners. Hubbell's testimony was prompted by the discovery last month in the Clinton residence of Rose law firm billing records that had been missing under subpoena for 18 months...
...move that some considered a slap on the wrist, the Securities and Exchange Commission filed civil charges against Orange County, its board of supervisors and its two top financial officials. The sec cited fraud, misrepresentation and a failure to disclose key information in the sale of 11 highly risky bond issues, but the agency did not seek financial penalties. The county filed for bankruptcy 13 months...
...first time, Congress has defeated a veto by President Clinton. Friday morning, the Senate gathered a two-thirds majority (68-30) to reject the President's last-minute veto on Tuesday night of a bill that would restrict class-action security fraud lawsuits. The Senate action, which follows a similar House vote Wednesday, assures that the securities bill will become law. Republicans had spearheaded the push for veto-proof passage because the bill limits attorney fees and can force the losing party to pay fees and costs if the suit proves frivolous. Powerful leaders of high-technology firms backed...
...apparatus for the disbursement of funds at PBHA is susceptible to fraud because of the absence of oversight. Committee chairs spend their own money on programming and are then reimbursed by submitting receipts to the treasurer. The treasurer, without question, writes a check in the amount of the receipt to the individual who submitted it. This system makes fraud incredibly easy. I know of cases in which individuals submitted receipts for private purchases and were reimbursed without inquiry. This should not be shocking. The embezzlement of thousands of dollars by Charles K. Lee '93 from "An Evening with Champions" reminds...