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...investigators now say openly that the Justice Department has not only reined in its own probe of the bank but is also part of a concerted campaign to derail any full investigation. Says Robert Morgenthau, the Manhattan district attorney, who first launched his investigations into B.C.C.I. two years ago: "We have had no cooperation from the Justice Department since we first asked for records in March 1990. In fact they are impeding our investigation, and Justice Department representatives are asking witnesses not to cooperate with...

Author: /time Magazine | Title: B.C.C.I.: The Dirtiest Bank of All | 7/29/1991 | See Source »

...Lima, where a probe of B.C.C.I.'s stewardship of Peru's central-bank funds is under way, local investigators are trying to trace what happened to money in an aborted B.C.C.I.-brokered deal to sell French-made Mirage jet fighters to the impoverished nation. Sources in the clandestine arms trade say B.C.C.I. eventually sold the planes to Pakistan and India...

Author: /time Magazine | Title: B.C.C.I.: The Dirtiest Bank of All | 7/29/1991 | See Source »

...long claimed that despite its stated interest in fostering economic and ethnic diversity, Harvard subverts its purportedly meritocratic admissions process by lowering its standards substantially for these two groups. We have long claimed that athletes and legacies received much more than "tiebreaking tips." But until a Department of Education probe last winter, we had no proof. Now, although Dean of Admissions William R. Fitzsimmons '67 still denies it, the statistics have borne us out. So have comments admissions officers scribbled on the folders of admitted athletes--"weak candidate, but a heck of a hockey player..."--and legacies--"Without lineage, there...

Author: NO WRITER ATTRIBUTED | Title: Some Ethical Oversights | 6/6/1991 | See Source »

...Administration nominated Stello for a job supervising the nation's nuclear-weapons programs last year but withdrew his name and installed him at a lower level after he was criticized during confirmation hearings for his past performance at the Nuclear Regulatory Commission. Witnesses accused Stello of deliberately delaying a probe into health and safety procedures at a New York State nuclear-power plant...

Author: /time Magazine | Title: Friends In High Places | 6/3/1991 | See Source »

Harvard is not alone in its malfeasance. Stanford, MIT, and many top universities have been hit by a federal probe into "indirect cost" disbursements and have come away red-faced after using taxpayers' money for frivolous purposes. (Indirect costs are those paid to universities' administrations above and beyond funds that go directly to individual researchers...

Author: NO WRITER ATTRIBUTED | Title: Caught Red-Handed | 5/20/1991 | See Source »

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