Word: fraude
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...investment firm Drexel Burnham Lambert has been pictured in an SEC indictment as Ivan Boesky's partner in securities fraud. But the company may have been one of the convicted arbitrager's victims as well. The London Stock Exchange is looking into accusations that Boesky used his network of partnerships to hide from Drexel the size, and thus the potential risk, of stock purchases he made with money he borrowed from the firm. Far from feeling duped, Drexel officials welcomed the probe. Since Boesky is the prime witness against the firm, his alleged backstabbing may erode his credibility. Drexel officials...
...head off P.P.P. charges of election fraud this time around, the government is taking special measures to guarantee a fair vote. Judicial officers will supervise polling stations, and are empowered to order the arrest of anyone accused of irregularities. It remains to be seen whether such steps will ensure the victor of an honest mandate after 25 years of intermittent military law and emergency rule...
There were no reports of major violence or fraud while the polls were open...
...bond financing. KKR contends that only Drexel has the savvy to sell the record $5 billion in high-yield bonds that is needed. But RJR Nabisco's managers are concerned that the buyout could be jeopardized if Drexel and Michael Milken, its junk-bond wizard, are indicted for securities fraud, which is expected to occur soon...
...crisp, clear voice, Mrs. Marcos, 59, pleaded not guilty to charges of embezzlement and bank fraud involving the purchase of four Manhattan buildings with $103 million in Philippine government funds. Imelda's husband and alleged partner in crime, Ferdinand Marcos, did not appear. The deposed President, 71, said he was too ill to leave Honolulu, where the couple has lived since 1986. Eight other defendants accused in the scam, including Saudi arms dealer Adnan Khashoggi, are abroad. If the Marcoses are found guilty of the main charges, they could face up to 20 years in prison...