Word: fraude
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...postwar Germany. People feel betrayed and lied to by Schröder, because during the election he promised no new taxes, yet now proposes to raise taxes by j26 billion next year. The opposition Christian Democrats have demanded a parliamentary inquiry into whether Schröder committed election fraud by concealing an j14 billion deficit and not coming clean about the new taxes. Opinion polls show the popularity of Schröder's Social Democrats collapsing. They're supported by just 27% of voters, compared with 50% for the opposition, while a DIMAP opinion poll shows 80% of voters...
...Rudy Giuliani, hero of Sept. 11 and a former Mob-busting federal prosecutor, really taking his sterling reputation to--gulp!--WorldCom? The place is a disaster: home to at least $9 billion in accounting fraud, $120 billion in vaporized shareholder wealth and the largest bankruptcy in history. Giuliani is not being asked to run WorldCom (that falls to Michael Capellas, former No. 2 at Hewlett-Packard, who accepted the ceo job last week). But Giuliani has aligned with a group headed by bond investor David Matlin that is trying to seize control of WorldCom in bankruptcy court. Some bondholders want...
...fight them all the way to the supreme court before he could connect his first subscribers in 1998. For beating the establishment, he became a national hero, especially among opposition politicians, who today use cell phones to summon supporters to rallies and alert radio stations to fraud at polling places. His introduction of wireless technology has profited not only Masiyiwa--who says Econet's profits are up 116% this year--but also Africa's progress toward democracy. --By Simon Robinson/Johannesburg
...FORMALLY CHARGED. YANG BIN, 39, Chinese-born Dutch tycoon who only two months ago was appointed head of a North Korean Special Administrative Region; after being placed under house arrest on Oct. 4 for charges of fraud and other commercial crimes; in Shenyang, China. Yang's fall from grace is an em-barrassment for North Korea, and may strain the country's historically close ties with China. Trading of shares in Yang's Hong Kong-listed orchid exporter Euro-Asia Agricultural Holdings has been suspended since late September, and the company has virtually collapsed, unable to repay its loans. Hong...
...number of unlucky people victim-ized in the largest case of "identity theft" in U.S. his-tory, the government an-nounced, after a suspect was charged with the mas-sive fraud last week...