Word: scandalous
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Dates: during 1960-1969
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Embarrassed Bankers. So climaxed the latest chapter in the continuing, incredible soybean scandal-the most prodigious swindle in modern times, reaching out from the grimy waterfront of Bayonne, N.J., and involving big commodities dealers in Buenos Aires, recipients of U.S. foreign aid in Karachi, and a numbered bank account in Zurich. Sixteen companies have been bankrupted. Eleven firms controlled by De Angelis have gone under, as have two respected Wall Street brokerage houses and one subsidiary of American Express Co. Embarrassed bankers from London to San Francisco have been taken for many millions. So have De Angelis' customers, notably...
...return of the stocks that were held on account in the brokerage firm. In many cases, their stocks were held in Haupt's name, and the bankers were legally entitled to take them in payment for loans made to Haupt. The New York Stock Exchange, fearful that the scandal would shake the public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major company. Allied Crude Vegetable Oil Refining Corp., tumbled into bankruptcy. Wall Street...
...grave-faced artist shaved her groin. Later, Beat Poet Lawrence Ferlinghetti intoned his latest work while a naked couple made love vertically in a burlap bag, black light playing on their shoulders. "I should stop it," moaned Director Davis, "but if I do, there will be 28 times the scandal there already...
...Scandal? Not in the eyes of Organizer Lebel, who pronounced the festival a smashing success. "Everybody dreams of doing all the things we've done," he explained as the festival closed. "Our generation is inventing a new meaning for revolution, a new state of mind based on an enlarged understanding of what freedom means. We're in debt now-$600 at least for all the things we broke-and it may sound naive and crazy, but we're proud as hell of having this debt to pay. If we could get $1,000 together, we could rent...
Last week, 2½ years after it had begun, the noisy political scandal formally ended in vindication for Der Spiegel. After interminable delays, Chief Federal Prosecutor Ludwig Martin had finally submitted his case to a federal court in Karlsruhe, which threw it out. In its written decision, the court observed caustically that most of the "military secrets" exposed in the story were not secrets at all: they had already been published elsewhere...