Word: frauds
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...billion in financial assets and counted a handful of U.S. Senators among his powerful buddies. Last week he stood as a wretched symbol of the past decade's financial follies. After the former owner of California's bankrupt Lincoln Savings and Loan was indicted on 42 counts of criminal fraud and was unable to raise the $5 million bail, police handcuffed and jailed him. California alleges that Keating bilked investors who bought $250 million of now virtually worthless junk bonds. The state's charges were the latest in a flood of legal actions against the disgraced businessman. Overall, taxpayers will...
...spend in the slammer? Junk-bond king Michael Milken, who is scheduled to be sentenced Oct. 1, could get up to 28 years. He has already been punished financially: last April, when Milken reached an agreement with prosecutors to plead guilty to six of the 98 counts of securities fraud and other crimes leveled against him, he was ordered to pay $200 million in fines and $400 million in restitution. Scores of Milken's friends -- and a smattering of his foes -- have deluged New York Federal District Court Judge Kimba Wood with more than 200 letters that aim to sway...
During the investigation of the suicide, Stern also has to handle another family matter. His client and brother-in-law, Dixon Hartnell, is under investigation by the U.S. Attorney's office for securities fraud. Hartnell, who owns a brokerage house, has long held a reputation as a ruthless businessman. His practices have always teetered on the illegal, and he is accused of using inside information to make a profit on the Chicago futures market. Hartnell's case is complicated by testimony given--in exchange for immunity--by Stern...
...once cheated on her husband, for example, it's not worth waiting 400 more pages to know who it was. Turow fails to make the Dixon investigation suspenseful for most of the book because there is no indication how it relates to the issue of Clara's death. Securities fraud arouses curiosity for a few minutes on the evening news, but it's not really the stuff that 500 page novels should be made...
...reserve. In high school her face was badly cut in a car crash, and it took several operations to repair the damage. Years later, just before she was to be married to a man well known in the cosmetics business, his company announced that it was suing him for fraud. Says Burns: "I can tell you that these were painful situations. But I am a great believer in self-management, that you must survive and find a way to play the hand you are dealt...