Word: looted
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...knew nothing of rampant fraud at B.C.C.I. until shortly before July 5, when regulators closed the $20 billion rogue bank in most of the 69 countries where it operated. In Peru the scandal breathed new life into charges that former President Alan Garcia Perez had used B.C.C.I. accounts to loot as much as $50 million from the country's treasury...
...more conventional departments of B.C.C.I. handled such services as laundering money for the drug trade and helping dictators loot their national treasuries. The black network, which is still functioning, operates a lucrative arms-trade business and transports drugs and gold. According to investigators and participants in those operations, it often works with Western and Middle Eastern intelligence agencies. The strange and still murky ties between B.C.C.I. and the intelligence agencies of several countries are so pervasive that even the White House has become entangled. As TIME reported earlier this month, the National Security Council used B.C.C.I. to funnel money...
...Panama, according to a little-known racketeering suit that the country brought against B.C.C.I., the bank systematically helped Noriega loot the national treasury. B.C.C.I. allowed the leader to open secret offshore accounts under the names of the Panamanian National Guard, the Panamanian Defense Forces and the Panamanian Treasury, to transfer national funds into those accounts and then to tap the funds himself...
...Storming of the Teocalli by Cortez and His Troops, 1848, as a celebration of Christian virtue conquering Aztec barbarism. But the image is far more melancholy and ambiguous than that: the Spanish conquistadors are presented as brutes, one flinging a baby from the temple top, another tearing loot from a corpse; and Leutze's intent to provoke pity for the Aztecs is summed up in an upside-down torch, nearly out, which lies on the steps in the foreground, an adaptation of the classic funerary image of the reversed torch of extinguished genius. Even mediocre artists like Leutze, it seems...
...stealing blank stock-confirmation slips from his employer, a major brokerage house, to use as proof that he owned stock entitling him to join dozens of successful class-action lawsuits. Fishman made roughly $1 million this way from 1983 to 1988 and spent as much as 30% of the loot on Scientology books and tapes...