Word: fraude
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Next Donahoe clamped down on fraud to build trust to keep customers coming back. "In the Meg Whitman days, eBay didn't have any customer service," says Lindsay of Sanford C. Bernstein. "If something went wrong, it was tough luck, buddy." Today if a buyer pays for the transaction through PayPal--a payment company owned by eBay that has seen tremendous growth--the sale is guaranteed for the full price...
After all, who could forget Blagojevich’s renowned predecessor, George Ryan? Ryan, a Republican, made a worthy contribution to Illinois’s tradition with his conviction in 2006 for 18 counts of fraud and corruption, including trading state deals for holidays in a Jamaican villa, funding his campaigns with state money, and selling drivers’ licenses. He topped former Governor Otto Kerner, who was convicted in 1973 for 17 counts of corruption, one of which involved trading permission to hold horse races for stock in horseracing companies. Governor Dan Walker also served time...
...less devious players, good old American boys like 1950s State Secretary Orville Hodge, who embezzled around $1.5 million in state funds to buy private jets and cars, or former Democratic Rep. Mel Reynolds, who served time after his conviction in 1995 for 16 felonies involving campaign finance fraud. Even the unsuccessful have courageously toyed with scandal: Jack Ryan, Republican contender for the Senate in 2004, never lied or embezzled, but his campaign was nonetheless scuppered by allegations from his wife that he tried to get her to publicly perform indecent acts for his buddies at a sex club...
Black Friday's long gone, but for Illinois Governor Rod Blagojevich, everything - including a Senate seat - is still for sale. Or at least it was. Blagojevich, along with chief of staff John Harris, was arrested in Chicago on Dec. 9 on charges that included conspiring to commit wire fraud and soliciting bribes in exchange for the Illinois Senate seat - vacated by President-elect Barack Obama - that Blagojevich was obligated to fill. If convicted, Blagojevich, who turns 52 on Dec. 10, faces up to 30 years in prison. What a birthday...
...Madonna and Martha Stewart love it, as do Barack Obama, Bill and Hillary Clinton, Keanu Reeves and "Junk Bond King" Michael Milken, who organized a Scrabble tournament in the early 1990s at the white-collar prison where he was serving time for securities fraud. Even Queen Elizabeth II is a fan, perhaps in part because her first son was born the very same year that "Scrabble" became a trademark. (That coincidence did not go unnoticed in Britain. An artist commemorated the 60th birthday of Prince Charles and the board game by creating a portrait of the Prince entirely composed...