Word: scandalous
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Dates: during 2000-2009
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...There would be a backlash to Congress bailing out billionaires who lost a few hundred million as a result of the Madoff scandal," says Evans. "But there are people who are affected by the Ponzi scheme who I think we all agree are deserving of a helping hand...
...even consulted third parties, such as the Depository Trust Company (DTC, a special-purpose bank used by securities firms), to verify trades, the scandal would have been uncovered. For example, a January 2005 statement for a Madoff feeder-fund account indicated it held $2.5 billion of S&P 100 equities on Jan. 31, 2005. However, DTC records show Madoff held less than $18 million worth of S&P 100 equities in his DTC account...
...bureaucracy, like so many local governments in this decade, got too bloated during the economic boom. The County Commission, for example, has a staff of more than 200 serving only 13 commissioners - and yet it still managed to screw up tasks like its oversight of Miami-Dade's scandal-plagued housing agency...
...showered with perks ranging from new city halls and police stations in their home districts to the right to appoint prison wardens and contractors for public works projects - which can lead to lucrative kickbacks. Indeed, Uribe's original reelection drive four years ago was marred by a vote-buying scandal that led to the conviction and imprisonment of two lawmakers...
...attempt to tamp down the scandal, the British and Scottish governments published a batch of letters online on Sept. 1 detailing the discussions over how to handle al-Megrahi. The letters date back to June 2007, when British oil companies were negotiating huge new deals in Libya. In February 2008, British Justice Minister Jack Straw wrote to Scotland's First Minister, Alex Salmond, that "developing a strong relationship with Libya ... is good for the U.K.," adding that Libya "is one of only two countries to have ever voluntarily and transparently dismantled its weapons of mass destruction program...