Word: laundering
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Dates: during 1990-1999
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Brown, the former governor of California and chair of state's Democratic party, said "the function of [political] parties is to launder dirty money" that candidates would otherwise be unwilling to accept from the corporate sector...
...conviction, last week described the probe simply as "an ongoing criminal investigation into allegations relating to operations of the House post office and efforts to obstruct that investigation." TIME has learned, however, that investigators believe the stamp purchases make up only a small part of a larger scheme to launder campaign funds and convert them for personal use. Subpoenas issued in the case have made it clear that investigators are looking into whether lawmakers or their aides illegally channeled campaign contributions through the House post office...
...civilian police force, which replaced the corrupt army-officer corps loyal to Noriega, is getting $20 million worth of U.S. training and equipment. Thanks to an accord reached last year, American investigators have access to secret Panamanian bank records whenever they suspect that accounts are being used to launder drug money. Now that Panama requires local banks to file meticulous reports on large deposits of cash, the cartels are no longer able to make millions of dollars disappear into a financial black hole. Efforts to set up similar laundering systems in Luxembourg and Uruguay have been thwarted, and some Latin...
Psst. Need to launder some dirty money? No problem. Pakistan's central bank placed some eyebrow-raising advertisements in the Wall Street Journal last week, offering to sell Pakistani government-backed bonds to anyone with cash. "No questions asked about the source of funds," says the ad. "No identity to be disclosed." The State Bank of Pakistan, which placed the ads, may be picking up where another Pakistani bank -- the corrupt Bank of Credit & Commerce International -- left...
...MAXWELL WAS KILLED! A rumor among cynical Israeli journalists is that Maxwell was an agent for the Mossad, Israel's spy agency. Thus Israel's enemies rubbed him out. Or was it that the Mossad executed Captain Bob to prevent him from exposing secrets? Or did he launder millions from secret arms sales to Iran and get killed "to shut him up." Then there's the one that Maxwell was hammered by New York Mafia hit men angry about layoffs at the Daily News. Or maybe...