Word: scheming
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Dates: during 1980-1989
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...downer is that a pyramid payoff requires an ever larger supply of new investors, until eventually the scheme crashes. To protect the unwary, pyramid games have been made illegal in most states. Even so, the craze has spread on college campuses: at the University of Maryland, automated teller machines ran short of cash this month after one high-flying weekend...
...charges, the Government accuses Jefferies of purporting to own $56 million worth of stocks that had actually been bought by a client, Boesky. In this illegal practice, called parking, Jefferies was allegedly holding the stock to cover up the identity of Boesky as the real owner. The scheme enabled Boesky to control more stock than was permissible under the Government regulation...
Perle's resignation came just as the U.S. unveiled its verification scheme at the INF talks. Some critics see the strict provisions as a major impediment to quick negotiation or perhaps even the death knell for an INF agreement. Perle shares none of this skepticism. He is confident, he said, that the "U.S. is on the verge of a breakthrough . . . which will for the first time eliminate an entire category of weapons...
...their calls became the stuff of scandal when the Securities and Exchange Commission charged Vaskevitch, 36, the head of international mergers in Merrill Lynch's London office, and Sofer, 46, an Israeli stock speculator, with ringing up more than $4 million in illegal profits from a transatlantic insider-trading scheme...
Since the Iran-contra scandal was exposed last November, it has been clear that two men are crucial to unraveling the tangled scheme: former National Security Adviser Admiral John Poindexter and his deputy, Lieut. Colonel Oliver North. But the two have stubbornly refused to discuss their roles in the weapons sales to Iran and the secret funding of the Nicaraguan contras, invoking their Fifth Amendment protection against self-incrimination. Last week the arrangements for forcing the silent partners to talk led to a clash between the Senate Select Committee and Independent Counsel Lawrence Walsh...