Word: kickback
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Dates: during 1980-1989
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...President Ferdinand Marcos has a national leader been accused of corruption on such an enormous scale. Before the Senate Subcommittee on Terrorism, Narcotics and International Communications, Blandon alleged that Noriega turned many of Panama's public institutions -- the customs and passport offices, the railroad, the airports -- into a huge kickback scheme. Among the beneficiaries: scores of army officers, top government officials and, above all, Noriega. By Blandon's account, Noriega is the richest man in Panama, with a dozen houses, a fleet of automobiles and net assets of between $200 million and $600 million. "Panama is not in the hands...
...patronage, Washington pushed through a tough ethics law for city officials and expanded city contracts for women and minorities. Yet his tenure was not entirely free of scandal: seven city officials, including two black councilmen who are allies of the mayor, have been indicted on federal bribery and kickback charges. Despite the mayor's soaring rhetoric, there were few improvements in Chicago's notoriously inadequate public schools or the city's crime-ridden public housing projects...
...hospital bed. "You can queue up and wait to die," says Ferrarotti, "or you can drop 400,000 lire (($325)) up front to ensure yourself a place." A payoff helps to get things done. In a new study, Professor Franco Cazzola of the University of Catania estimates that the kickback industry, the entrenched system of institutionalized bribery, amounts to 3.3 trillion lire ($2.7 billion) a year. One Turin industrialist admits that he does not want his son to follow in his footsteps as head of a corporation. "He's not the kind of kid who could deal with going...
...Intelsat's 28-member board of governors that the last two phases of the building's construction be consolidated into one. Then, according to court papers, Colino connived with William P. Lipscomb Co., an Arlington, Va., construction firm, promising to award it the new contract in exchange for a kickback of $2.4 million to himself and several associates, both inside and outside Intelsat. Colino allegedly peeked at bids and warned his favored firm that its offer must be no more than $25.4 million. The Arlington company came in at $25.398 million and won the contract in December...
Lipscomb, it turned out, did not have the promised kickback money in hand. Colino thereupon devised still another ruse, say investigators, whereby Intelsat was charged $1.2 million by Lipscomb to enable the firm to order construction materials far in advance of use. The money was paid out in January 1985, but no materials were ever ordered or delivered. Part of the cash went to a Swiss bank account controlled by Colino...