Word: fraud
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Dates: during 1990-1999
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...speech sent his own party into convulsions, with some congressional Democrats privately calling him a turncoat and vilifying Morris as a kind of serpent whispering evil in the President's ear. Republicans, having grudgingly praised Clinton at first, were suggesting within a few days that he was a fraud. Their evidence: a Congressional Budget Office estimate that Clinton's 10-year plan to balance the budget would instead produce a $209 billion deficit by 2005. The White House played down the gap as a simple disagreement over economic forecasts...
...While offering to cut most discretionary spending programs by 20 percent, the President saidhe would not cut education or health services for the elderly. Other priorities:give tax cuts only to the middle class, not to upper-income Americans, protect services for poor children while cutting welfare, and target fraud and waste in federal programs to achieve savings. In an equally terse response for the GOP, Senate Majority Leader Bob Dole said that while he was encouraged by the President's newfound willingness to work with Congress to eliminate the deficit, he strongly disagreed with Clinton's determined effort...
...candidates endorsed by the alliance--Vice Mayor Sheila T. Russell, Michael A. Sullivan and Timothy J. Toomey, Jr.--won council seats. A fourth candidate endorsed by the Alliance, Anthony D. Galluccio, was appointed to the council last December to replace William H. Walsh, who was sentenced on federal bank fraud charges...
...troubling aspect: those funds were used as collateral for a $52 million loan. After New Era's lawyers balked at providing foundation records, Prudential called in the loan, and the dominoes began to fall. Last week New Era filed for bankruptcy protection, the state attorney general accused Bennett of fraud, and the SEC charged that he diverted $4.2 million into two firms he controlled personally. In a letter sent last Friday to his contributors, Bennett wrote, "Those of you who know us, know we would never have done anything other than enable you to grow and flourish . My sole desire...
...most recent city vote reflects the problems of the current election system. Councillor William H. Walsh was removed from the council following his sentencing on federal bank fraud charges, and Anthony D. Galluccio, a legislative aide and law student, won in the recount of Walsh's ballots last December...