Word: resoldered
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Dates: during 2000-2009
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...with the national company Charity Denim to orchestrate the event. Company representatives arrived at 9 a.m. with nearly 800 pairs of jeans to be sold at a 40 to 60 percent discount. The jeans, which normally go for $140-$180, are purchased at close-out designer sales and then resold for $70-$85, and 10 percent of the profits go towards the sorority’s national charitable organization of choice...
...cheerfully admits that some of his European and American clients mix his fungi with French ones. But the former metallurgist is astounded less by the chicanery than by the prices his truffles can command abroad. What Wu sells to wholesalers for $80 a kilo can be resold to Westerners for 30 times that, or more than double the average yearly income in China. "Who would pay that much for a mushroom," Wu marvels. "Is it because they think it's an aphrodisiac?" (Since medieval times, many have believed just that.) Nevertheless, Wu does maintain a modicum of pride about...
...time of the collapse eight years later, it owed its investors €14 billion. Bank of America alone, beginning in 1997, arranged $1.7 billion in financing through bonds and private placements for U.S. investors, and received more than $30 million in fees and commissions. Citigroup systematically packaged and resold the firm's receivables, even installing its own software at Parmalat headquarters to help track them; between 1999 and 2003, it earned $35 million. Grant Thornton and Deloitte & Touche signed off on its increasingly surreal accounts and booked millions of dollars in fees for doing so. In the company's final...
After dropping out of the Fashion Institute of Technology, Ripley decided to make a go of overstocked couture at a discount. She got her father to co-sign a 30-day, $30,000 note, which she used to buy 300 chic but so-last-season pieces. Then she resold them on eBay at a 225% profit...
...looters, who are easier to catch. Last year Chinese courts meted out death penalties to at least four tomb raiders. "I know someone who was executed for looting a tomb," says Feng. "He made 580 yuan [$70]. Now, I hear the tricolor female statue he dug up was recently resold in New York for 150,000 yuan [$18,000]. No one is getting arrested in New York. How fair is that...