Word: scandalous
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Dates: during 1980-1989
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...stench of scandal was strong again on Wall Street, and it was rising higher in executive suites than ever before. For the first time prominent officers at some of the most prestigious investment banks were snared and handcuffed in the insider-trading investigation that has been gathering momentum since Arbitrager Ivan Boesky was nabbed last November and began cooperating with authorities. Wigton, Freeman and Tabor have not been shown to have had any direct dealings with Boesky, but they were trapped, almost by chance, in the widening network of information that the investigators were gathering. Their arrests seemed to confirm...
...Manhattan federal judge sentenced Wall Street Lawyer Ilan Reich, 32, to a year and a day in prison for his role in an insider-trading ring led by Investment Banker Dennis Levine, a former Drexel Burnham managing director whose 1986 arrest led to the eventual uncovering of the Boesky scandal. In passing sentence on the now disbarred lawyer, the judge said his punishment was intended as a deterrent. Last week another Manhattan judge gave an identical term to Robert Wilkis, 37, a former investment banker at Lazard Freres who also was in the Levine ring...
...else. But, says his lawyer Leonard Garment, "the more information he gave, the more he became an object of scrutiny." Another friend adds that "he is a loyal ((former)) Marine suddenly thrust into the role of John Dean," the Nixon White House Counsel whose Senate testimony fueled the Watergate scandal...
McFarlane's near tragedy did not interrupt the flow of Iranscam revelations. The presidential commission, headed by former Republican Senator John Tower of Texas, postponed its report for one week, until Feb. 26, after announcing that it had discovered "new material" on the scandal. Reports are that the new evidence consists of computer records, thought to have been lost, detailing far-flung and possibly illegal efforts to raise money for the Nicaraguan contras by former National Security Council Aide Oliver North...
...Tower commission, originally appointed by Reagan to recommend changes in the structure and operations of the NSC, has turned into a kind of runaway grand jury conducting a far-reaching investigation of the whole Iran arms- contra funds scandal. It is the only investigative body that has questioned the President, who last week met with its three members for the second time, in a 70-minute session. The White House is bracing itself for what Spokesman Marlin Fitzwater predicted will be a "critical and tough" report. Among other things, the commission is believed to have found deep CIA involvement...