Word: scheme
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Surging French private enterprise in the middle of the world's worst economic crisis in 50 years? Something's up, right? Indeed there is. The motor driving France's bustling start-up action is an innovation known as the auto-entrepreneur - a government scheme introduced in January to facilitate the formidable process of founding a small business in France. The scheme cuts through the jungle of administrative red tape usually required to launch a company and dramatically lightens the heavy taxes and social charges other companies pay. While regular outfits face set charges whether business is booming or bust, auto...
...suit - Medela; Maclaren; BabyBjörn; Regal Lager, the agent supplying BabyBjörn's products to the U.S. market; Peg Perego, the Italy-based maker of strollers, car seats and high chairs; and Britax, which sells car seats and strollers - come across as weak accomplices in the scheme, which Brody distinctly labels a "conspiracy." For example, Brody writes that effective Feb. 1, 2000, "pursuant to the conspiracy, Regal Lager and BabyBjörn vigorously enforced resale-price maintenance against Internet retailers, gave BRU preferential treatment and stopped opening Internet accounts. During this period, BRU accounted for most of Regal...
...need an entirely corrupt institution to pull one of these schemes off. You only need a few corrupt managers whose compensation may be tied to the performance of these assets in order to effectively pull off a collusion or a kickback scheme." - Upon the announcement that his office had initiated 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes relating to TARP-funded companies. (Los Angeles Times, April...
...York City Madoff Loses His Shirt ... and Cuff Links On June 29, a judge sentenced swindler Bernie Madoff to 150 years in prison for perpetrating a $65 billion Ponzi scheme. Meanwhile, federal marshals prepared to seize assets from the disgraced financier and his wife to reimburse victims. While Ruth Madoff will get to keep $2.5 million in cash, the couple handed over everything from a $39,000 Steinway piano to a $25 pair of cuff links...
...been disturbed at the historic Burr Oak Cemetery in Alsip, Ill. - the final resting place of civil rights icon Emmett Till and singer Dinah Washington - was grotesque. But by week's end, the macabre tally had grown: nearly 300 graves, possibly more, were destroyed in an apparent grave-resale scheme that took in an as-yet-unknown amount of money. Now questions remain as to how this scandal happened and what must be done to prevent a recurrence...