Word: looted
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...agencies in the 1980s to form a special West African Task Force that helped nab Adekanbi. According to authorities, his gang used counterfeit cards to obtain at least $650,000 in goods and cash advances and had access to lines of credit worth $8 million. Officials suspect that this loot is only a fraction of the thieves' real total...
Another little-noticed case involves even more serious charges. The complaint, filed in Manhattan federal court, accuses Investcorp and five of its board members, as well as other defendants, of fraud and extortion. According to the complaint, the defendants tried to loot the Saudi European Bank, an Arab-owned institution in Paris. The lawsuit was filed by the bank's former parent company, headed by Syrian-born banker Jamal Radwan. The complaint charges that several defendants concocted a scheme for Investcorp to take over Saudi European Bank. In addition, Kirdar allegedly threatened to persuade other banks to stop doing business...
...international community has approached Nigeria in a pleading tone," says Nobel-prizewinning Nigerian writer Wole Soyinka, now in exile in the U.S. "What's needed is threats." Those could involve seizing the loot Abacha & Co. are believed to have stashed in the U.S. and Europe, or even boycotting Nigerian oil. But such punitive measures will not work without moral pressure from those who have allowed the dictators' behavior to pass unchallenged. Above all, Nigerians crave the respect of the rest of the world. Freeing Obasanjo and the other political prisoners would be a tiny first step in showing they deserve...
...then a conglomerate of several companies) Vesco came in with a $5 million bail-out and was hailed as IOS's savior. Very quickly, however, IOS funds were mysteriously misdirected. By the time the sec was ready to indict Vesco, the financier was gone, having taken his loot and his family, his yacht and his planes, to Costa Rica...
...former fashion-magazine editor wistfully recalls the loot that poured into her office during the Christmas season. "We got lovely things," she says. "Lots of stuff. Leather bags, champagne, a traveling pouch, scarves, cashmere sweaters. A truck had to come to my house twice to deliver it all." This woman figures that within a month she pulled in some 200 gifts. Retail value: around...