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Dubbed Abscam, for Arab Scam, the 23-month investigation had cost some $800,000 and involved about 100 agents in an elaborate series of hoaxes and disguises. One of these dressed up in a burnoose and posed as a sheik named Kambir Abdul Rahman, whose millions were said to be "burning holes" in a Chase Manhattan account. Other agents in pinstripe suits served as the sheik's American emissaries, translating his gutteral commands and seeking ways to invest his money in New Jersey gambling casinos, East Coast port facilities and an American titanium mine. Along the way, the phony...

Author: /time Magazine | Title: The FBI Stings Congress | 2/18/1980 | See Source »

With top level approval and ample funds now available, the FBI scam grew ever more elaborate. A swarthy agent, still unidentified, was picked to play the fictitious sheik, Kambir Abdul Rahman. Variously portrayed as being from Oman, Lebanon or the United Arab Emirates, the impostor set up temporary residence in a 62-ft. yacht that docked in several posh Florida marinas. As the flag vessel of the FBI'S secret fleet, the cruiser, seized by customs officials from marijuana smugglers, was first named the Left Hand and later the Corsair. "It gleamed with the predictable varnished parquet decks, teak...

Author: /time Magazine | Title: The FBI Stings Congress | 2/18/1980 | See Source »

...under investigation. Marcello further revealed to the agents a plot to bribe a federal judge in Los Angeles with up to $250,000 to fix a racketeering-murder trial of five Mafia figures. The judge was tipped by the FBI before he was approached by the plotters. The Brilab scam was shut down last week...

Author: /time Magazine | Title: The FBI Stings Congress | 2/18/1980 | See Source »

...proposal would face tough, almost insurmountable opposition in Congress, which considers a new tax as a pox in an election year. Typical of what special-interest groups will tell their Congressmen is the observation of a Southern California Auto Club spokesman: "The tax is just a scam to increase Government revenues and the federal bureaucracy at the expense of good-hearted people across the country...

Author: /time Magazine | Title: Business: Carter Considers a Gas Tax | 12/17/1979 | See Source »

...York as a day care center. All Richie needs is title to an abandoned synagogue in the South Bronx: for $50,000 ($10,000 down), he will be able to unload the building on the city for $125,000 a year for 15 years. Until this kind of scam was exposed a few years ago, it was almost as lucrative as a card-carrying membership in OPEC...

Author: /time Magazine | Title: Books: Out Like Flynn | 8/27/1979 | See Source »

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