Word: scams
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...their lack of effort, the five players are said to have made at least $19,500. Eads and Johnson, having helped bring the three others into the scam, proceeded to negotiate immunity from prosecution for their testimony. Those they have implicated face up to 30 years in prison if convicted...
...because that was all he could get for it. But his former wife charges that the bank president received a secret bonus of $3 million taken from the coffers of E.S.M. Warner, for his part, claims that he is a victim rather than perpetrator of the E.S.M. scam...
...arrested. The scheme involved rerouting, through bureaucratic channels, scarce meat, butter and clothing to warehouses where the merchandise could be sold under the counter. Realizing that the authorities were closing in, the crooks dumped most of their hoarded supplies onto the official market. In describing the outcome of the scam, the newspaper Izvestiya noted that for once, a Rostov citizen was able to walk into a state-owned store, ask for blue jeans and find them not only available but selling at the official price of $96, vs. the black-market figure...
Bank of America fell victim to an elaborate mortgage-securities scam involving overvalued real estate in the Southwest. In one instance, according to charges in a lawsuit filed in Texas, a company run by Southern California Businessman Kent B. Rogers bought three apartment complexes in Houston for about $12 million and hired an appraiser to value them at twice their true worth. Then a Rogers associate bundled the inflated mortgages on the apartments into securities that were sold to savings banks and other investors. Bank of America investigators are looking into why its Inglewood, Calif., branch agreed...
Thus far, Stern and its publisher, Gruner & Jahr, have emerged in the testimony as all-too-willing victims of the scam. Testimony has established that normal journalistic safeguards were disregarded shortly after Heidemann told his immediate editor in 1981 that he was on the trail of 27 volumes of the Nazi Fuhrer's diaries, written between 1932 and 1945. The diaries, Heidemann said, were rescued by farmers after a plane carrying Hitler's personal effects crashed near Dresden in the last days of World War II. Although the flamboyant Heidemann was known to be excessively preoccupied with Nazi memorabilia...