Word: kickback
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...most serious allegation facing MacDonald -- who has yet to respond to a committee subpoena -- concerns a tawdry kickback scam. In July 1987 MacDonald arranged for the Navajos to buy the 491,000-acre Big Boquillas ranch near Seligman, Ariz. The tribe paid $33.4 million for the place, which only two days earlier had been purchased by an oil company for $26.2 million. Real estate broker Byron ("Bud") Brown testified that when he was fixing the deal with MacDonald, the Navajo leader smiled and said, "I assume I'll be taken care of." Replied Brown: "Certainly...
...appeared in a steaming jungle. "The defense contractor then gives your dollar to the leader of a banana republic, as part of a bribe to get him to buy the contractor's armored personnel carriers. The president of the banana republic then gives the dollar as part of a kickback to the local drug king, who gives it to help pay a drug courier, who spends it to buy a Coke when it gets to the United States. But the cashier drops it on the street and you find it." By now we were back in my room...
...indictments accuse Noriega of allowing Colombian drug traffickers to use Panama as a base for smuggling cocaine and marijuana into the United States. The charges said Noriega received a healthy kickback from drug profits. His take was put at up to $4.8 million...
...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...
...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...