Word: fraud
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...jail while Singapore continues its effort to extradite him, Iguchi traded nothing more exotic than U.S. Treasury securities. They are "as plain-vanilla a financial instrument as you can find," notes Marc Cohen, managing director at the Hermes Capital hedge-fund firm. That very simplicity should have made the fraud relatively easy to spot...
...gigantic scope of Iguchi's fraud, and the bank's seemingly lackadaisical response even after it surfaced, raised questions on Wall Street about whether the 44-year-old trader--whose nicknames were "Tosh" and "Toshy"--had acted alone or with the help of friends in high places at the bank. It was noted that nearly two months passed between the time Iguchi blew the whistle on himself in a July 13 letter to bank president Akira Fujita and the time Daiwa informed authorities on Sept. 18--despite the fact that U.S. state and federal regulations require banks to give immediate...
Iguchi, who could face up to 30 years in prison and a $1 million fine if convicted of bank fraud and forgery, remained a mystery to his neighbors and colleagues as he languished in a Manhattan jail cell. He is divorced but has custody of his two teenage sons. The threesome moved from one neighborhood to another in 1991, finally settling into a house currently worth about $300,000. "I've never seen him, and we live right across the street," says Karen Donow of Kinnelon. "I've seen the kids playing basketball, but that's it. No one knew...
...letter to bank president Fujita, Iguchi reportedly said the change had made it hard to continue concealing his losses. Yet the very fact that Iguchi kept up the deception for two years more heightened suspicions on Wall Street that someone within the bank helped him carry out the fraud...
...students who were either uncomfortable or felt they were incompetent around computers. Clearly, if an on-line voting booth was going to intimidate students into participating in a historically low-participation event, then it was not worth doing no matter what the benefits. This--not security or potential voter fraud, both of which can easily happen under a paper election--was our largest obstacle...