Word: scandalous
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Dates: during 1960-1969
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...annals of international finaglers, first place is still held by Swedish Match King Ivar Kreuger, whose machinations in the 1920s caused hundreds of investors to lose a total of $500 million. The Great Salad Oil Scandal recently set off by pudgy Tino DeAngelis (TIME, Nov. 29 et seq.) stands to cost the banks and companies involved upwards of $100 million - putting DeAngelis second only to Kreuger...
...scandal, if second in cost, remains first in mystery...
...think that the person who changed the world most was Christine Keeler. She is my nomination for the worst Woman of the Year. She brought the eyes of the world upon England in the famous Profumo scandal. This has given the world an impression about Great Britain-and this impression is not the best...
Macmillan's mission in town, only two months after his resignation as Britain's Prime Minister, was to attend the House of Commons post-mortem debate on the Profumo-Keeler scandal...
...scandal has deeply shaken many investors. Brokers got calls all last week from customers wanting to know if their securities were safe. Other investors wanted to buy insurance policies on their securities. How can the investor protect himself? If he opens a margin account to buy stock with only a down payment, he has no protection. The broker can put his stock up as collateral to borrow the rest of the price of the stock from a bank; if the broker goes bankrupt, the margin buyer loses out. Many investors do not realize that even if they pay for their...