Word: frauds
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Dates: during 1990-1999
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...March, while covering the trial of financier Eddy Tansil, who is accused of using letters of credit to swindle $436 million of government funds, DeTik published copies of letters written by former government officials that may implicate them in the fraud. "We had the same documents," says Susanto Pudjomartono, editor of the daily Jakarta Post, "but we didn't print them...
...Dhabi court convicted 12 former top executives of the collapsed Bank of Credit & Commerce International on criminal charges of fraud and mismanagement in one of the world's largest financial scandals. The three key defendants, though, were convicted in absentia: Agha Hassan Abedi, the B.C.C.I. founder; Mohamed Saleh Naqvi, the empire's former chief executive; and Ziauddin Ali Akbar, the bank's former treasurer. The court also ordered the group of 12 to pay $9.13 billion in restitution to Abu Dhabi's government and ruling family, which held a 77.4% stake in B.C.C.I...
What could be easier than scrapping a program that is widely derided as morally poisonous, politically stupid and a fiscal swamp? Welfare is a relatively tiny budget item, only 1% of annual government spending. But the stories of fraud and abuse are so common and the evidence of disastrous unintended consequences so compelling that a large majority -- 81% of those surveyed in a TIME/CNN poll -- thinks it is time for "fundamental reform." Clinton's plan, like the three major bills already proposed in Congress, has as its core a requirement that people work for their benefits...
...proves that the most powerful motives lie elsewhere. Tightfisted Republicans are prepared to spend more; large majorities of voters are willing to spend more, so long as the money is going to support the values and programs that strengthen families and community life. As enraging as the stories of fraud and waste may be, what has saddened most people is the evidence that a program designed with the best of intentions -- to help those most in need -- could end up doing them so much harm. Spending more money, on the right things, becomes a way of making amends...
...slippery. Virginia politics is certainly more fractious. But for sheer, lip-smacking fun, there's still nothing that can beat Louisiana's. For nearly a quarter-century, Edwin W. Edwards has been much of the reason why. In four terms as Governor, Edwards, who was tried twice for fraud and racketeering but never convicted, who ran up huge gambling debts while Governor and who squired so many young women while still in his first marriage that he was dubbed "the Silver Zipper," has made Baton Rouge the undisputed capital of rascally political folklore...