Word: fraud
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Dates: during 1990-1999
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Crime, not economics or political rivalries, is the No. 1 issue in the country today. In cities all across the nation, gangs operate with near impunity, practicing fraud and extortion, conducting illegal trade, bribing and corrupting officials and viciously murdering anyone who gets in their way. When Listyev, a popular television host and businessman, was shot down two weeks ago in what police said was a paid-for assassination, it was another brutal killing in a series of shootings, car bombings, kidnappings and gangland battles that have overwhelmed post-Soviet Moscow...
...heart of the national citizenry, the House approved 1) a "losers pay" bill, which would require the party that had first rejected a settlement and then won a judgment for a lower amount to cover the opposing side's legal fees; 2) a bill tightening requirements for bringing securities-fraud lawsuits; and 3) a bill that would cap punitive damages in product-liability cases at $250,000 and allow judges to sanction parties that bring frivolous product-liability lawsuits. The bills were welcomed by Big Business and the insurance industry, which have sought such laws for more than a decade...
...could such an illustrious institution come to such an ignominious end? Was it mismanagement or conspiracy? Was it fraud or simply more proof of the treacherousness of those chimerical financial instruments called derivatives? At the moment Leeson, detained in Germany after a week on the run, is the only one who knows the answer to those questions, and last week he wasn't talking. Still, what is already known of his strategy and what could be teased out through interviews with far-flung friends and colleagues suggest a tale of arrogance and greed on a grand scale...
...bank continued to ponder its commitment to derivatives, he focused on them. By 1992 he had moved from that job to a position as a roving troubleshooter, jetting off to Indonesia to help set up an office or to Tokyo as part of a team investigating allegations of internal fraud. At the time the Singapore International Monetary Exchange was trying to set itself up as Asia's hot new trading floors. Barings wanted a presence-and Leeson was put on the team assigned to help get it. At first he did settlements as he had done in London. Then, because...
Winnie Mandela's government post as Deputy Minister of Culture, Science and Technology may be in jeopardy. Cutting short a trip to West Africa, the controversial wife of South African President Nelson Mandela returned to a police raid on her home and an investigation into her possible involvement in fraud, bribery and corruption. Furiously fighting back, Mrs. Mandela scheduled a court hearing on March 14, challenging the seizure of documents from her home...