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...eventually led to recent mammoth losses. Undercover customs agents first stumbled onto B.C.C.I. money laundering during a sting operation. As part of the scheme, agents sent several million dollars of Medellin cartel drug funds through a B.C.C.I. bank in Miami. What happened next was worthy of Alice in Wonderland. Bank officers noticed the agents' amateurish attempt at money laundering and offered to teach them more sophisticated methods. Example: the bank would wire funds to B.C.C.I. branches around the world before handing the cash back to drug traffickers in the form of phony loans. The narcotics kings happily paid large fees...

Author: /time Magazine | Title: A Capital Scandal | 3/4/1991 | See Source »

...known around the White House as an accomplished comedian. After all, a knack for cutting up goes naturally with the job; last year when Bush asked for the impossible -- a budget that lowered the deficit without raising taxes -- Darman responded with a 15-page essay rife with references to Wonderland, Pac-Man and Cookie Monster. Given the cooked books that were expected of him, humor was Darman's best defense...

Author: /time Magazine | Title: Time For Tough Choices | 2/18/1991 | See Source »

...JAZZY WONDERLAND (Columbia). And just when you thought you couldn't bear another Christmas song, here come 14 of them by a gaggle of top jazz artists ranging from Harry Connick Jr. and the Marsalis family to Dexter Gordon, Marlon Jordan and Joey DeFrancesco. Hardly the first -- but far from the worst...

Author: /time Magazine | Title: Critics' Voices: Dec. 24, 1990 | 12/24/1990 | See Source »

This Alice in Wonderland economy extends to theindividual level as well. Why should Sergei workharder if he isn't rewarded for additional output?And even if he were rewarded by merit, he can'tbuy anything worth having with his money, sinceMoscow bureaucrats, not he and other Soviets, setthe demand for goods. And even if he could somehowget what he wants, it would be of only the lowestquality, since quantity and not quality isrewarded by Gosplan. Soviet televisions, forexample, are prone to explode...

Author: By Adam L. Berger, | Title: Eyeing the New Russia | 12/13/1990 | See Source »

...spring break, Lauderdale says, "we're all going to go to Charleston, South Carolina." Lauderdale says they chose the location because it was "a low-budget, cost-free hideaway vacation wonderland...

Author: By Molly B. Confer, | Title: Thomas Lauderdale: High Energy Plus Fashion Sense | 11/16/1990 | See Source »

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