Word: frauds
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Dates: during 1980-1989
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EVERY four years a new batch of campaign promises to cut government spending and rid the land of federal bureaucratic red tape, mismanagement, and fraud bubble up and cover the nation in a sea of righteous froth, often just hot, soapy air but occasionally bringing forth such tangible changes as the current Proposition...
Government waste and fraud has long fueled campaign rhetoric, and this year's elections were no different. Ronald Reagan and a conservative Senate swept in on the tide of his anti-inflation platform, denouncing the increased deficit spending, congested policy making and great waste of the Carter administration, just as Carter rode four years ago on the tide of Watergate and anti-big-business sentiment directed against the Republicans in office...
...order to all federal departments and agencies to report, probably within 60 days, how much they can save by eliminating "waste, fraud and abuse...
Levy took the initiative in the buttonholing campaign. His recruiting centered on half a dozen independents. One was Samuel Flatto-Sharon, a businessman who had been convicted in France on fraud charges and is currently on trial for bribery in Israel. Another was Shafik Assad, a Druze member from Galilee. The independents were courted with a wide range of inducements: for Assad, a new community center for his native village; for others, promises of deputy ministershlps. Even among Begin's own aides, the reaction to the brazen corridor bargaining verged on outrage. "It's never happened before that...
...exactly how much such crime costs; often the losses are not even reported by embarrassed companies. But the larceny clearly is far from petty. It may well run to hundreds of millions of dollars a year. Last January, California became the first state to enact a computer-fraud law, allowing fines of up to $5,000 and three years' imprisonment. Still, warns Donn Parker of SRI International, a leading scholar of electronic theft: "By the end of the 1980s, computer crimes could cause economic chaos...