Word: scandalizes
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Angeles found the former head of California's Lincoln Savings & Loan, whose company sold $250 million in junk bonds to unwitting investors as it headed toward insolvency, guilty of 17 counts of securities fraud. Keating, whose $1.4 million in political contributions entangled five U.S. Senators in the S&L scandal, faces 10 years in prison and a $250,000 fine. Last month the Senate reprimanded California Senator Alan Cranston for soliciting contributions from Keating while he was ! urging federal regulators to go easy on Keating...
What those millions are seeing is a civics lesson spiced with scandal. "I think it's a second major dose of consciousness raising for the public about sexual crimes, following Anita Hill's testimony," says Lee Bollinger, dean of the University of Michigan law school. No less important, the daily coverage is a window onto the real conduct of trials. Without the cameras there, says Steven Brill, president of cable TV's Courtroom Television Network, "you would see 'ambush shots' of Smith and his lawyers going into the courthouse. Here you see dignity and solemnity...
Such corruption may be terrible, but the abuse of private property which occurs when large segments of the economy are forced underground by mindless laws against entrepreneurship is the real scandal. Those working in the informal sector in Chile and Russia are aften the poorest of the poor...
Ever since the scandal at the Bank of Credit & Commerce International broke last spring, the Justice Department has been taking heat for its less than dynamic prosecution. But last week the department indicted B.C.C.I. and three bank officials, charging them with illegally taking over Independence Bank of Encino, Calif., and with fraud that contributed to the billion-dollar downfall of Florida's CenTrust thrift. Indicted with the bank were founder Agha Hasan Abedi, former bank president Swaleh Naqvi and B.C.C.I. front man Ghaith Pharaon. Since the U.S. stands little chance of extraditing Abedi from Pakistan and Naqvi faces charges...
...following year and sailed to Liverpool a few months later. He won Britain's Military Cross in January 1945 for leading a platoon against a German defensive position. In London after the war, he launched Pergamon Press, a scientific publisher. In 1969 Maxwell lost the company in a scandal: he was charged with misrepresenting Pergamon's financial condition during a takeover battle. He recaptured the firm in 1974 and last March sold it to the Dutch publisher Elsevier for $765 million...