Word: fraud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...first real crackdown against the practice came in 1909, when the U.S. Supreme Court ruled that that a director of the Philippine Sugar Estates Development Company committed fraud when he bought stock in his company without sharing information with the seller that soon boosted its value. But it wasn't until after the 1929 stock-market crash that Congress passed laws to limit such trading (although it didn't move to ban it outright) and created the Securities and Exchange Commission to enhance market oversight. As the stock market expanded in the 1960s, the SEC grew more aggressive in fighting...
...Support Our Whistle-Blowers Former U.N. official Peter Galbraith should be congratulated for taking a courageous stand on fraud in the Afghan elections, knowing he might lose his job as a result [Oct. 19]. I voted for Barack Obama, but I would like to see more support from Washington for officials who try to do the right thing. Sanjay Gowda, Austin, Texas...
...French branch of the Church of Scientology was fined close to $900,000 after being convicted of fraud for manipulating members to undergo expensive "purification courses" and thus swindling many out of thousands of dollars. Although Scientology was not banned as part of the verdict, the ruling marks the first time the controversial group has been found guilty of organized fraud in France...
...abandoned by his mother as a toddler, Kerik became commissioner of the New York Police Department and nominee to head the U.S. Department of Homeland Security before his checkered past caught up with him. On Thursday, Nov. 5, the gruff, muscle-bound 54-year-old pleaded guilty to tax fraud, making false statements and other felonies in a federal courthouse in suburban New York. The man who once oversaw the nation's largest municipal jail system - and whose name once adorned a New York correctional center - now faces more than two years behind bars. (Read "Rudy Giuliani's Kerik Problem...
...Indicted on federal corruption charges in November 2007 and on tax fraud and other charges in May 2009. He was accused of failing to report $200,000 in rental income and failing to disclose a $250,000 loan to White House officials vetting him for the Homeland Security role, among other crimes. His legal troubles would end up damaging Giuliani's 2008 presidential...