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Word: illicited (lookup in dictionary) (lookup stats)
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...first banking company ever charged in the U.S. with money laundering: the Luxembourg-based Bank of Credit and Commerce International, the seventh largest privately held financial institution in the world (assets: $20 billion). Under a tough 1986 U.S. law, bank officials who knowingly conceal the source of illicit money can be fined up to $500,000 or twice the amount of the money they launder, and imprisoned for up to 20 years...

Author: /time Magazine | Title: The Cash Cleaners | 10/24/1988 | See Source »

...bill, which passed through the Senate by an 87-3 vote, would create the oft-discussed cabinet-level position of drug "czar." It would also allow the death penalty against drug "kingpins," stregnthen penalties for both the use and sale of illicit drugs, and permit random testing for transportation and nuclear-industry workers...

Author: By Andrew J. Bates, | Title: Policy, Not Pandering | 10/19/1988 | See Source »

...time the disk was run on a machine shared by other users, the code spread from one computer to another. Before long, the so- called Brain or Pakistani virus had found its way onto at least 100,000 floppy disks, sometimes with data-destroying impact. In each case the illicit program left behind a calling card for those savvy enough to find it: a message that began with the words WELCOME TO THE DUNGEON, and was signed by two men named Amjad and Basit...

Author: /time Magazine | Title: Technology: You Must Be Punished | 9/26/1988 | See Source »

...Manhattan financier now serving a three-year prison term for insider trading. From 1984 until late 1986, according to the Government, Boesky secretly bought and sold huge blocks of stock at Drexel's behest to push forward the firm's takeover deals and to reap millions of dollars in illicit profits. Five others were charged as participants in Drexel's schemes: Milken's younger brother Lowell, an attorney who works in the company's junk-bond department; Cary Maultasch and Pamela Monzert, traders for the firm; and the Miami-based industrialist Victor Posner and his son Steven...

Author: /time Magazine | Title: Throwing The Book At Drexel | 9/19/1988 | See Source »

...abortion has long been accepted as a method of birth control among Chinese married couples, the state refuses to make contraceptives available to single people. Many unmarried women are thus driven to seek dangerous back-alley abortions rather than risk the scandal that would arise from exposure of their illicit affairs if they chose legal channels. "If we teach them how to prevent pregnancies, maybe premarital sex will become even more common," frets Liu. Still, Dr. Wu labels Beijing's stand hypocritical, pointing out that government hospitals in the Special Economic Zone of Shenzhen, near Hong Kong, have become profitable...

Author: /time Magazine | Title: Behavior: The Sexual Revolution Hits China | 9/12/1988 | See Source »

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