Word: scandalizes
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Dates: during 1980-1989
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...Button account was disclosed by a key player in the scandal, Iranian- born Businessman Albert Hakim. He handled the financial side of the Iran- contra "enterprise," while North took care of the political end and retired Air Force Major General Richard Secord, a business partner of Hakim's, oversaw operations. "I intended to profit from my activities," said Hakim. "I never made any pretense about that fact." And profit he did. The enterprise made a total of $14.9 million from its transactions; $8 million of those profits were frozen in bank accounts after the scandal broke...
During the first 13 months of Wall Street's insider-trading scandal, most of the culprits nabbed were individuals. But last week Kidder, Peabody, the 14th largest U.S. brokerage, became the first major institution to be penalized. Without admitting guilt, Kidder agreed to pay the Securities and Exchange Commission a $25 million settlement -- second only to the $100 million that Arbitrager Ivan Boesky paid...
...former Kidder merger specialist who supplied the arbitrager with tips on takeovers. After Siegel pleaded guilty to criminal charges, authorities alleged that Kidder should have known what Siegel was doing. General Electric, which owns 80% of Kidder, struck the SEC deal to avoid prosecution -- and to put the scandal in the past. Even as the settlement was announced, GE pumped $100 million in capital into the brokerage...
...believe it is immoral to rip off the Ayatullah and send the profits to the contras so that the U.S.S.R. does not have a Communist base in North America. If readers were to believe every word TIME published, they would think President Reagan was responsible for each scandal that happened. When you write about the President and his ethics, remember what this country was like when he took office...
...former general, seemed to wield the most power. But two weeks ago, both Chang and Lho were knocked out of the race when Chun dismissed them from office as part of a Cabinet reshuffle brought on by the torture death of a student and the subsequent cover-up scandal...