Word: scam
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Colombian government officials believe that IDP figures have been inflated by poor people trying to scam the government out of benefits provided to legitimate victims, such as food and temporary shelter. But they admit to being surprised by the rising numbers. "It's worse than what we had expected two, three or four years ago," says Armando Escobar, who heads IDP programs for the government's social-welfare agency...
...Some people involved in the Ph.D. scam have already been given jail time. One former director of the Bergisch Gladbach consultancy was convicted on bribery charges in July 2008 and sentenced to three and a half years in prison. He was found guilty of illegally helping more than 60 students get their doctor titles. A law professor at the University of Hanover who received money from the consultancy for accepting doctoral candidates was given a three-year jail sentence. The university authorities in Hanover have since tightened the rules on accepting Ph.D. students and have cracked down hard on those...
...calls Madoff a "beast" and a "monster," has done more than anyone else to humanize the inscrutable investment scammer, painting him as an insecure man capable of tender courtship and dashing romance. Weinstein, whose family was forced to sell their home after being wiped out in Madoff's scam, spoke with TIME about the origins of the affair, how her family has reacted to the book and what may have motivated Madoff to put together what's considered to be the largest Ponzi scheme of all time. (See pictures of the demise of Bernard Madoff...
...think that was one of the main reasons he did the scam? I think it started with feelings of inadequacy, his inability to accept failure, his fear of failure...
...pleaded guilty on Aug. 11 to 10 charges including fraud and money-laundering while serving as one of Bernie Madoff's top executives. DiPascali, who could be sentenced to as many as 125 years in prison, told a federal judge that he and others knew about Madoff's investment scam as far back as the early 1990s and aided it by helping falsify trading records...