Word: fraude
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Government already has the power to crack down on the diet industry through the federal truth-in-advertising and mail-fraud laws. But these weapons have generally been used just against products that are truly outrageous. The Postal Service, for example, took action against diet sunglasses, which supposedly altered food color and made meals appear less appetizing, and a satin headband designed to emit electromagnetic waves that, according to the manufacturer's claims, help customers refuse to eat calorie- laden foods...
...workaholic Milken, 43, power is more precious than money, so his prison term is the real penalty. By pleading guilty to six counts of securities fraud (reduced from 98 criminal charges in the original indictment), Milken faces as much as 28 years behind bars. But oddsmakers bet that when Milken is sentenced in October he will get five years and serve less than that...
...these offenses." With those contrite but carefully crafted words, | deposed junk-bond king Michael Milken, 43, began a tearful confession before a federal judge in Manhattan last week. The man whose deals revolutionized Wall Street and convulsed corporate America read a 15-min. statement detailing his role in securities fraud that involved recently paroled speculator Ivan Boesky and investment banker Dennis Levine. "My plea is an acceptance of personal responsibility for my own failings and actions," the once defiant Milken said in closing, weeping audibly. "I am truly sorry...
...settlement raised an issue that will be debated for years to come: Is Milken getting off light? Of 98 counts originally filed against him, the financier pleaded guilty to just six, including conspiracy and mail fraud. He will pay fines of $600 million, the most ever assessed against an individual, and he faces a potential 28 years behind bars. But in the settlement, prosecutors dropped their most serious charges, including insider trading and racketeering, which carried a potential prison sentence of more than 500 years. Moreover, with a personal fortune estimated to be in excess of $1 billion, Milken...
...despite rising public resentment, Congress was unwilling to change it until Charles Keating came along. He is the former savings and loan chairman who doled out $1.4 million to the so-called Keating Five -- four Democrats and a Republican who ran interference for him with federal regulators investigating his fraud- ridden thrift. When asked if his money had bought the Senators' services, Keating replied, "I certainly hope so." Says Common Cause President Fred Wertheimer: "Keating has confirmed the public's worst fears...