Word: kickback
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Dates: during 1970-1979
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...efforts in 1972 to enable a chain of California trade schools to retain its accreditation with the U.S. Office of Education and thus continue to qualify for federal funds. Flood's former administrative assistant, Stephen Elko, admitted receiving a $15,000 kickback from the schools, and was convicted in Los Angeles last fall of bribery, perjury and obstruction of justice. Elko claimed that he received $25,000 in hush money from Flood's friends. But in exchange for a reduced sentence, Elko agreed to provide evidence against his former boss. According to Elko's account, Flood received...
Long has been lucky. Twice, formal indictments were voted against him by a grand jury in Baltimore accusing him and two other legislators of committing 45 "over acts" in connection with a bribery-kickback scheme during construction of the Rayburn House Office Building in Washington. And twice, the U.S. Attorney's indictment recommendation was denied by John Mitchell's Justice Department with no explanation given. Mitchell, of course, was the architect of Nixon's Southern Strategy...
...which last year accounted for 2.9 million sets, or 38% of the domestic market. In May, the Carter Administration worked out a deal with Japanese makers to limit imports. But now the picture is darkening again; U.S. Government investigators are probing charges that Japanese manufacturers have been making illegal kickbacks to U.S. importers as a way of getting around federal "antidumping" regulations, and selling color TV sets in the U.S. at bargain-basement prices. Government sources told TIME that one executive of a U.S. importing company has admitted that his firm has received millions of dollars in such kickbacks. John...
Zenith Chairman Nevin claims that the practice has been going on for years and that several big Japanese makers are involved. As to the number of U.S. kickback recipients, Nevin says: "I don't believe any large American buyer did not have the opportunity to get involved." A senior official at the U.S. embassy in Tokyo told TIME last week that 86 U.S. importers-presumably distributors and retailers, including some well-known chain stores-are under investigation. Worried embassy officials concede that they are convinced a major scandal is about to break...
...this point, two separate investigations are under way. One is by the U.S. Customs Service, the Treasury and the Department of Justice. They are looking into allegations of false invoicing by Japanese makers to avoid paying dumping duties. This is the probe that has turned up the kickback charges. The second investigation is by the U.S. International Trade Commission. Its lawyers are checking the possibility of unfair trade practices by the Japanese (a noncriminal charge), and they have talked to officials of Hitachi, Sanyo, Sharp, Toshiba and Mitsubishi...