Word: junkiest
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Dates: during 1990-1999
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...weeks ago, in one of the largest claims ever against a mutual fund operator, officials in New York and Massachusetts filed fraud charges against First Investors (assets: $3.5 billion) and a total of seven of its top executives. At least five other states may follow suit. "These were the junkiest of the junk bonds, yet investors who asked specific questions about them were lied to," says New York Attorney General Robert Abrams. "We've handled many fraud cases before, but nothing approaches the scale of what we see here. This is heartrending...
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