Word: scams
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Dates: during 1980-1989
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Although public attention has recently been on the Japanese, the Soviets are the main focus of Operation Exodus and other campaigns. Insiders say that what the press had dubbed the Japan-scam sting operation was really a trap laid for Communist agents. In that case, the FBI arrested employees of Hitachi Ltd. and Mitsubishi Electric Corp. and charged them with conspiring to transport stolen IBM computer secrets from California's Silicon Valley, near San Francisco, to Japan...
Pass's scam was exposed when police in Glastonbury, Conn., caught him just as he was escaping from a burglarized house. His previous criminal record, it turned out, included 26 felonies and 50 misdemeanors. Fass has now begun a prison term of 13 to 26 years for burglary...
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...