Word: frauded
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Until their pardon last week, Marc Rich and his partner, Pincus Green, faced a truly impressive array of charges. The rogue commodity traders were indicted in 1983 on 51 counts of tax evasion, racketeering, conspiracy, mail fraud, wire fraud and trading with the enemy. Had they not fled to Switzerland, each might have been sentenced to years in prison. The principal allegation against them concerned a scheme from 1980 and 1981, in which their U.S. company made nearly $100 million by selling oil at several times the government-controlled price then in effect. The indictment claimed that Rich's firm...
...preserving its hands-off status has come at a cost: the occasional p.r. black eye it sustains when cases of fraud or sales of offensive items hit the news. Last month a California man was charged with selling $110,000 in computers and consumer electronics on eBay but not delivering. And there was a minor dustup last fall when convicted serial killer Angel Resendez-Ramirez boasted in a television interview that his hair and shavings from calluses on his feet had been sold on eBay...
Half has also done an end-run around the fraud issues eBay has never been able to fully shake. The company bills the buyer and pays the seller, which means there's no danger that a seller will have to grapple with a bounced check. What's more, Half offers a buyer-protection guarantee on all sales. "You might be buying it from Bob in Des Moines, but you're also buying it from Half," says Kopelman...
...supposed to go to Wecker as a direct payment, since baby selling is illegal. But the law does permit reimbursement for expenses, like medical costs for childbirth and airfares. Wecker says she didn't get any money beyond expenses. Johnson, now being pursued by the FBI for possible fraud, isn't talking...
True, both parents found the twins' questionable "broker" on the Internet. And they're not the first couples to get ensnared by one of the many enticing online advertisements for adoption facilitators. But before the Web, there were heart-wrenching ads in phone books and newspapers. And there was fraud too. "Abuse in adoption is not new, and it's not caused by the Internet," says Gloria Hochman of the National Adoption Center, based in Philadelphia. "It's caused by the fact that there are many more people who want healthy babies than there are babies." The Internet has made...