Word: scheme
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Dates: during 1990-1999
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...highly personal, unbusinesslike style had its darker side. Bruck provides the most detailed account yet of an illegal cash-skimming operation at the Mob-run Westchester Premier Theater in the 1970s. Ross's best friend, Warner executive Jay Emmett, pleaded guilty to two counts of fraud arising from the scheme, and Bruck leaves the unmistakable impression that Ross himself was deeply involved, which Ross steadfastly denied. (Ross cut off Emmett summarily when Emmett began cooperating with the prosecution...
...investment funds run by David Askin of Askin Capital Management was forced to liquidate its portfolio -- reportedly worth about $500 million -- after playing a similar game. The funds speculated on the price difference between two different sets of mortgage-backed securities. When interest rates rose quickly, the speculative scheme fell apart...
Walsh, who was convicted of heading a scheme to defraud the Dime Savings Bank of New York out of $2.9 million, is presently walled around with legal protections...
...city councillor was convicted of heading a scheme to defraud a branch of the Dime Savings Bank of New York out of $2.9 million...
Schwartz and Jarosiewicz were the key witnessesagainst Walsh, testifying that he masterminded thesecond mortgage scheme. Assistant U.S. attorneyPeter. J. Mullion produced extensive documentationshowing purchase and sale agreements where Walsh'ssignature had been whited out in an attempt tocover up the councillor's involvement...