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Word: fraude (lookup in dictionary) (lookup stats)
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...case, the FBI used two informants to record hundreds of hours of conversations with the men, all of whom were foreign-born Muslims raised in and around Cherry Hill, N.J. The first informant, Mahmoud Omar, was an Egyptian who had pleaded guilty to fraud in 2001. The U.S. government had tried to deport him on two different occasions. But then in 2006 the government began paying Omar and the deportation case went away...

Author: /time Magazine | Title: The Fort Dix Verdict: A Victory for Pre-emptive Prosecutions | 12/23/2008 | See Source »

...Foundation has ceased all grant-making, effective immediately, and will close its doors in the coming months,” Picower wrote. “The foundation’s endowment was managed by Bernard L. Madoff, who, as you well know, was arrested on Dec. 11 for securities fraud...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Madoff Scam Hits Harvard Medical School Grants | 12/21/2008 | See Source »

...Lawyers predict lawsuits against the other accounting firms will soon follow. "The fact that they didn't catch the fraud leads me to believe that they blew it," says Scott Berman, a lawyer at Friedman Kaplan Seiler & Adelman who has reached settlements with auditors in similar cases in the past. "I am going to look hard at whether there is liability there...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...York Anatomy of a Scam Celebrated money manager Bernard Madoff was arrested for allegedly bilking investors out of up to $50 billion in a Ponzi scheme described as one of history's largest swindles. The scam's blueprint hasn't changed much since Charles Ponzi's 1920 fraud: 1 Entice investors by promising an unusually lucrative rate of return. 2 Use a portion of the raised capital to pay out early dividends, thereby giving the appearance of legitimacy--which in turn attracts more investors. 3 Pay off earlier investors with money accrued from later victims. 4 When no further capital...

Author: /time Magazine | Title: The World | 12/17/2008 | See Source »

...Resolved--For Now Abhisit Vejjajiva, a 44-year-old British-born opposition leader, has become Prime Minister, after months of violent political upheaval and seven years of rule by former PM Thaksin Shinawatra (now in exile) and his party. Weeks after a Thai court dissolved the ruling party for fraud, parliament voted 235 to 198 in favor of Vejjajiva, the middle-class candidate, over a Thaksin loyalist supported by the rural poor...

Author: /time Magazine | Title: The World | 12/17/2008 | See Source »

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