Word: fraude
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California has been systematically devoured since 1945. Having fouled our air and water, despoiled our hills and farmlands and perverted our liberal culture, the locust pilgrims now cry fraud...
...secret FBI report, the $1 million was intended as a payoff for the Administration's cooperation in preventing Jimmy Hoffa from wresting the union presidency from Frank Fitzsimmons, a staunch Nixon supporter. Nixon had commuted Hoffa's 13-year prison sentence for jury tampering and mail fraud in December 1971, with the proviso that he have nothing to do with running the union until March 1980, when his sentence would have expired. But Hoffa persisted in trying to regain his old power in the union. On July 30, 1975, he vanished from outside Detroit and was presumably executed...
...funds. Under the new rules, Swiss bankers are barred from providing active assistance to customers who evade taxes or export capital illegally from foreign countries. The code also forbids bankers to accept funds that they have reason to believe were acquired by acts punishable under Swiss law, such as fraud and trafficking in narcotics. However, the code does not require the banks to investigate the background of every customer to ascertain the origin of his money...
...Swiss banking (the other two: Swiss Bank Corp. and Union Bank of Switzerland). Together they account for nearly half of all the banking assets in the country. A Crédit Suisse branch manager. Ernst Kuhrmeier, 57, has been accused of "disloyal management"-the Swiss equivalent of business fraud. He allegedly manipulated more than $800 million in a series of questionable and outright illegal dealings (TIME, May 23). Kuhrmeier is now in jail awaiting trial on charges that could put him behind bars for up to 7½ years...
What moved Kuhrmeier to set up his bank within a bank remains a psychological mystery. So far, investigators appear to be convinced that he gained no personal profit from the alleged fraud. But as a top London banker points out, the scandal "could have happened in any other country. Slack management is not just a Swiss problem." What makes the case special is that no other country seeks to maintain such a mystique about its "inviolable" banking system. The scandal spotlighted the extent to which Swiss banks are trusted to police themselves. The chief external watchdog, the Bern-based Federal...