Word: rakeoffs
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Each bookseller believed that the rakeoff was his personal brainchild and sent postcards to students announcing the "exclusive bargain" at his particular shop...
...Merritt Parkway scandal involved a real-estate man, G. LeRoy Kemp, who as the State's agent bought much of the land needed for right-of-way and who allegedly shared in some $86,000 of rakeoff commissions with two real-estate agents, Thomas N. Cooke of Greenwich and Samuel H. Silberman of Stamford. On the witness stand Mr. Cooke testified that Land Agent Kemp used to tip him off as to acreage the State wanted, that Cooke then arranged for the purchases and they split commissions of $32,814.92. Mr. Silberman testified to giving Kemp another...
...appear to be only two reasons behind the present indigestive contrepas; incompetence or a form of financial looseness whose obscurity does not permit of definition. In either case, a Pecora should probe the pots and pans to gratify the not too academic curiosity of the mulcted. Who nets the rakeoff? Who fills the little tin boxes? Who gets a commission on what...
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