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Word: scandal (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Like the Watergate scandal from which it once sprouted, the Lockheed scandal seems to have acquired a quality of indestructibility. Even when the charges of corruption are officially denied, they keep reappearing as rumors and innuendoes. Last week, as the scandal once again rippled across Europe, a parliament debated whether to prosecute a prince, a Premier was publicly accused of graft, and a former Defense Minister repeated his assertions that he had done nothing wrong. The only certainty was that the Lockheed Aircraft Corp., the largest defense contractor in the U.S., has admitted spending some $24 million in bribes overseas...

Author: /time Magazine | Title: SCANDALS: The Lockheed Mystery (Contd.) | 9/13/1976 | See Source »

While princes and politicians wade through the debris of the scandal, Lockheed itself is flying high. Despite fears that the turmoil overseas might endanger the survival of the company, which had accumulated $645 million in bank debts by 1974, the corporation's post-scandal business appears to be thriving-particularly its foreign sales. These amounted to $1.7 billion in the first six months of 1976, putting this year's sales at the largest annual rate in Lockheed's 44-year history. Overall 1975 sales were $3 billion, and the corporation's 24 major banking creditors have...

Author: /time Magazine | Title: SCANDALS: The Lockheed Mystery (Contd.) | 9/13/1976 | See Source »

Gentlemanly and discreet, with faces like silver teapots, the better art dealers and auctioneers around London's Bond Street have long maintained their immunity from the scandals of the art world. Circumspection is the motto, coupled with a standing policy-among members of the British Antique Dealers Association-to refund the price of any fake. Therefore, when the biggest art forgery scandal in years came to a head in London last fortnight, the embarrassment was acute. At a press conference, a rubicund, white-bearded cockney painter and restorer named Tom Keating, 59, revealed that over the past 25 years...

Author: /time Magazine | Title: Art: Palming Off the Palmers | 9/13/1976 | See Source »

...years ago, Leger Galleries had a visit from a leading Palmer specialist, Sir Karl Parker, who pronounced Sepham Barn a fake. When The Horse Chestnut Tree appeared in Sotheby's, one of its former consultants, David Gould, wrote to Chairman Peter Wilson expressing doubts about it. But the scandal was finally exposed when Geraldine Norman, the London Times's auction-room correspondent, tracked Keating to his lonely cottage in Dedham. "I have so much contempt for the dealers who prostitute the art of genuine painters," Keating announced, "that I was willing to sell them any old rubbish...

Author: /time Magazine | Title: Art: Palming Off the Palmers | 9/13/1976 | See Source »

...National Football League is outraged at the halfback-horse equation implied in the Delaware plan, and worries that legalized gambling might spread and lead to scandal. The league went to federal court to stop the pool, but lost the first round of its suit. The N.F.L.'s concern about fixes is real and its policing of the game is aggressive. A full-time staff of investigators monitors coaches and players, and the league is quick to act when it scents potential trouble; witness the celebrated suspension of Paul Hornung for wagering on games and the order that Joe Namath...

Author: /time Magazine | Title: Sport: A Wedge for Wagering | 9/13/1976 | See Source »

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