Word: looting
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Crooked savings-and-loan executives are not the only ones running off with loot these days. Old-fashioned stickup men are doing pretty well too. Bank robberies in the U.S., which declined during the first half of the 1980s, increased to 6,691 last year, a 23% rise from 1985. Unfortunately, crime often pays. Of $50 million taken from banks last year, only 20% has been recovered. The most common technique is the tried-and-true "note job," in which a robber simply hands a threatening note to the teller...
...eastern Long Island. There Sununu rose to lieutenant colonel and commanded the other cadets. On graduation day, he won so many awards that the headmaster, rather than call him from his seat again and again, simply handed him a silver bowl and had him stand onstage to collect his loot. Though Sununu insists that he displayed no interest in politics until 1969, his fellow seniors in 1957 voted him Class Politician, as well as Outstanding Senior Student, Outstanding Orator, Most Energetic and Most Likely to Succeed...
...According to top federal regulators, fraud was responsible for as much as 60% of all S&L failures in 1989. By hiring investigators to pick up the paper trail where overburdened prosecutors have left off, the new buyers of old thrifts can often recover a hefty share of the loot. "There's a real demand for specialists who can read between the lines," says Joseph Wells, chairman of a thriving new group called the National Association of Certified Fraud Examiners (membership...
...price of top stars heads for the stratosphere, blockbuster-hungry studios rev up the costliest summer lineup of sequels and action films yet. -- Even once lowly screenwriters are joining the ranks of millionaires. -- A private eye tracks down the loot from defrauded savings and loans...
...Columbus-America Discovery Group, which won exclusive salvage rights in federal court last year through the arcane principle of "tele-possession" because its unmanned robot, equipped with cameras and mechanical arms, can operate in waters too deep for divers. But ten British and American insurance companies insist that the loot is theirs since their predecessor companies paid off the loss more than a century ago. Even the Ivy League has joined the fray. Columbia University, whose researchers provided sonar maps of the ocean bottom, is also angling for a share...