Word: frauds
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Dates: during 1980-1989
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When he arrived in office 13 months ago, Jackson says, the state employed only 26 corporate tax auditors--while Massachusetts has 125,000 registered corporations. "We had more auditors to detect welfare fraud than corporate tax evasion--which is a more lucrative area," Jackson notes...
González also describes Durazo's involvement in drug smuggling, fraud and homicide; the author even claims that he killed several people on Durazo's behalf. Because of his friendship with former President José López Portillo, the chief apparently assumed he was immune from prosecution...
...last week's merger activity confined to energy firms. In the latest round of what is shaping up as a complex battle for control of Warner Communications (1983 revenues: about $3.5 billion), Newspaper and Magazine Publisher Rupert Murdoch filed court papers accusing the entertainment conglomerate of racketeering and fraud. The charges by Murdoch, who now owns a little more than 7% of Warner's voting stock, also named a rival suitor, Chris-Craft Industries, as a defendant. Murdoch wants the court to overturn a recent swap that would give Warner a 42.5% interest in Chris-Craft...
Frustration over such defeats drove Stockman to the brink of insubordination. In an interview in FORTUNE, he castigated "dreamers, including some in the Administration," who think the deficit can be sharply reduced by spending cuts. He derided the idea that "there are vast pockets of fraud, waste and abuse out there" that could be eliminated painlessly. The clear implication was that taxes must be raised. Though his comments were reminiscent of those he made to the Atlantic in 1981, which sent him to Reagan's "woodshed" and nearly cost him his job, the Administration this time shrugged off Stockman...
...hears the little sound of a pious fraud...