Word: scammed
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Barry Porter, 14, of San Francisco, is a computer-age truant, so attached to the machine that he often skips school, rarely reads anything other than computer manuals and hangs out with his pals in a Market Street computer store, often plotting some new electronic scam. Barry (not his real name) currently boasts an illicit library of about 1,000 pirated (i.e., illegally copied) programs worth about $50,000 at retail prices, including such software gems as VisiCalc, the popular business management and planning program. Before security was tightened up, he regularly plugged his computer into such distant databanks...
Lewellyn reportedly tried an old Wall Street scam. Starting last April, he bought up 58% of the shares in Safeguard Scientifics, a Pennsylvania automotive and machine-parts manufacturer, in order to inflate the price. During a 2%-month period this year, he accounted for more than 70% of trading in the stock. In that time its value jumped from about 9 to 16 a share, although last week it closed...
...scam was simple to pull off because Brimberry was solely responsible for account transfers when clients bought stock on margin, and he supervised the handling of the firm's stock certificates and cash. Massa, though, denies any knowledge of wrongdoing. Said he: "I didn't know what he was doing over there. Apparently Brimberry's a very smart guy and has the ability to take people...
Decorum and The Scam--Jasper's, 379 Somerville Ave., Somerville...
Allied Bank thus joins a growing list of U.S. banks that have been victimized by unscrupulous employees. Earlier this year, California's Wells Fargo Bank was bilked out of some $21 million in a scam involving bogus transfers between branch offices, and last week reports surfaced of a $20 million loan fraud scheme at Chase Manhattan Bank in New York City...