Word: illicited
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Dates: during 1980-1989
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...term gunrunning brings to mind images of swift boats landing rifles on shadowy and foreign shores. But the gunrunning that plagues the U.S. these days is more a matter of illicit firearms stashed in vehicles rolling boldly up interstate highways. Federal law strictly limits the resale of weapons. However, that has not stanched a flood of firepower that travels from Southern states, where guns are quickly and easily bought, to Northern ones, where sales are more tightly regulated. Firearms bought in gun shops in Florida, Texas and Virginia -- the three largest supply states -- fetch top dollar when sold...
...product. While conceding that some American feedlot operators have been cited for improperly administering approved hormones, the U.S. growers point out that the E.C. ban has fostered a thriving black market among European cattlemen in older, more dangerous compounds like DES. Some growers inject their herds with illicit drugs to cut costs. Last week a Belgian consumer magazine reported a survey of 500 butcher shops in which 25% of the hamburger samples tested contained DES and other illegal chemicals...
...weeks, Milken is expected to be indicted on criminal charges for many of the same alleged securities violations described ; in a civil case that the Securities and Exchange Commission filed in September. The SEC accused Milken of, among other offenses, manipulating stock prices to reap millions of dollars in illicit profits and defraud his clients. The lawsuit portrayed Milken as a zealous dealmaker whose disrespect for tradition led him to disregard the law as well. A suburban Los Angeles native who attended Wharton Business School, Milken was the pioneer of junk bonds as a financing technique for midsize companies...
Proficiency at billiards, it has been said, is a sign of a misspent youth. That is putting it politely. Pocket billiards, commonly known as pool, has had image problems for decades. The pool hall housed illicit kingdoms of numbers | runners and gangsters, winos and bums, four-letter-word expectorators and hustlers named Fats. Trouble brewed in every corner. Sharks infested the murky waters. "You had to watch out for all the spit on the floor," recalls a denizen of the old parlors in Ohio. "Any women who'd come around, you wondered what they did for a living...
...potential risk, of stock purchases he made with money he borrowed from the firm. Far from feeling duped, Drexel officials welcomed the probe. Since Boesky is the prime witness against the firm, his alleged backstabbing may erode his credibility. Drexel officials insist they never knew about Boesky's illicit schemes...