Word: fraude
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...backtrack on HDTV came as little surprise to many industry watchers. "The great myth here is that this was all about HDTV," says Hundt. "HDTV has been a fraud by the broadcasters all these years." Indeed, broadcasters claim that in the frequency consumed by a single HDTV transmission, they can "multicast" several channels of lower-grade digital pictures, which, to the average couch potato, are indistinguishable from the real thing. "The technology is getting so good that we can contemplate multiple channels without any difference in picture quality that the consumer is going to see," Padden told TIME. The other...
...case--to fix it. Meanwhile, the Singletons' signatures had mysteriously multiplied on mortgage contracts, and the $19,000 became $53,000. The finance company then sold the mortgage to Hempstead Bank. It is now held by Fleet Bank, which contends it has no responsibility for any fraud that was committed before it purchased the contract. The house looks as if it took a direct hit from a bomb, Tony has disappeared, and his company is out of business. Warren Singleton has been disabled by two strokes, and his wife, at 71, has had to take...
Prosecuting the frauds, however, is difficult. Often there are no witnesses to a phone con except the scammer and the victim. The rare con artists who are convicted seldom get sentences anywhere near as long as O'Donnell's 16 years. Far more typical are the prison terms of one to three years imposed on operators of one New York State pyramid scheme. The House in July passed a telemarketing-fraud bill that for the first time sets minimum jail terms for federal convictions. But the minimum will be only six months, or 15 months if the victim is over...
...Fraud fighters offer this faint cheer: the baby boomers now entering their 50s are more skeptical than their parents. So maybe when they retire, fraud against the elderly will at last become tougher to perpetrate. Maybe...
...love." The tabloids were busy reading the little black book of Dodi's past paramours (Brooke Shields, Winona Ryder et al.) when jilted model Kelly Fisher held a press conference, claiming Dodi as her betrothed and flashing a sapphire ring and a $440,000 breach-of-contract and fraud suit. Diana's future wedded abode was hotly debated: Would it be Julie Andrews' former Malibu home, reportedly just purchased by Dodi, or the Paris love nest of the Duke and Duchess of Windsor, now owned by the father-in-law-to-be? No word yet on a honeymoon site...