Word: fraud
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...Agricultural Research (INRA) has developed a type of DNA analysis to distinguish French fungi from Chinese without a taste test. Although French regulations call for a truffle's origins to be clearly marked, truffle experts say many vendors either ignore the rules or engage in outright mislabeling. France's fraud-control directorate carries out random DNA testing to flush out faux-truffle dealers. Anyone caught intending to deceive the consumer with a Chinese truffle may be fined $1,300. Still, there are few inspectors and many truffles. "If the consumer is properly informed that they are eating a Chinese truffle...
...market. In a statement issued last week, Christie's board said it takes "the gravest view of this isolated lapse from the high standard of conduct" that Christie's maintains. Nevertheless, the sale is scheduled for further scrutiny. New York's attorney general is investigating it for possible consumer fraud...
...Jackie Presser, 58, the blunt-spoken, 300-lb. president of the International Brotherhood of Teamsters, the nation's largest labor union. More than half a year has passed since the Justice Department's strike force in Cleveland recommended to its superiors in Washington that Presser be indicted for fraud and conspiracy. But the Justice Department seemed to be dragging its heels in asking for an indictment. Last week the jurors decided to take matters into their own hands. In an extraordinary move, they asked to examine a 100-page memorandum that the Cleveland strike force sent to Washington last January...
...claims Petty Officer First Class Robert Jackson, 26, who served ten months aboard the San Diego-based carrier. Working as an auditor on the ship, he accumulated about 1,100 pages of notes and documents on what he describes as appalling acts of waste, fraud, auditing forgeries and altered books in the handling of spare parts and other equipment. The system was so lax, Jackson charges, that when bookkeepers in various departments feared they were exceeding their budgets on supplies, they simply neglected to enter further purchases in the computerized record system. Jackson contends that he examined twelve departments last...
...dream came to an abrupt halt last week. Dunbar, 42, was sentenced to five years in prison for tax fraud, having understated his earnings by some $32 million over a three-year period. That makes Dunbar the biggest tax cheat in IRS history. Judge Marilyn Hall Patel also placed him on five years' probation after he finishes his sentence and ordered him to pay the IRS what he owes in back taxes--an estimated $10 million--plus interest...