Word: scandalous
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Dates: during 1960-1969
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...economy of Lebanon, battered by a loss of tourist business as a result of the Arab-Israeli war, got a welcome lift on the home front last week. After a 15-month shutdown in the wake of the biggest banking scandal in Lebanese history, Intra Bank reopened its doors for business. The reopening quickly drew a crowd so large that police had to be called to control it. Not surprisingly, the throng consisted mainly of Intra Bank customers anxious to get their savings out rather than to put more Lebanese pounds...
...government of Islip, N.Y.; inside of a year, 14 high-ranking officials quietly resigned. So Newsday, the Long Island daily, started to poke into the matter. The more it poked, the more it found. After three months' digging, the paper finally unearthed the kind of conflict-of-interest scandal that every editor dreams...
...fear that waste products would pollute the water supply. But when Water Authority Member (and Islip Republican Party Leader) Edward McGowan's firm bought the land, the authority changed its mind and approved its rezoning for manufacturing. McGowan sold the tract for a $167,000 profit. The scandal reached even to Newsday's doorstep. Its Suffolk editor, Kirk Price, who died last March, made $33,000 by a sale of land that he had bought for $50. He was assisted by the ubiquitous Kuss, who saw to it that a four-lane highway was routed past the property...
...muck-bottomed reservoir could serve as a metaphor for urban malaise. Last week, in the wake of Marcus' cleanup, Jerome Park Reservoir was as spotless as the bottom of a washed soup bowl, but the Lindsay Administration was murky with implications of corruption. In the first major scandal to besmirch Lindsay's two-year-old (out of four) administration, Marcus was indicted by a federal grand jury on charges of accepting a $16,000 kickback on the $835,669.39 reservoir cleaning contract...
...exact scenario of the scandal is not yet clear, even in the federal indictment. Investigators say that Marcus was deeply in debt to Loan Shark Corallo. Between January and November 1966, Marcus and Attorney Herbert Itkin, 41, a close friend and business associate, conferred a number of times with Tony Ducks and Bakery Union Official Daniel J. Motto, 57, who has close connections with politicians and the Mafia. These two men apparently advised Marcus to award the "emergency" reservoir-cleaning contract to S. T. Grand, and both served as negotiators with Grand. The kickback-5% of the total contract...