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Word: laundering (lookup in dictionary) (lookup stats)
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...negotiable as regular currency is. People have learned, unfortunately, that you can use a food stamp to buy a lot of things besides food"-meaning almost everything from clothes to cocaine. The major thievery is done by organized crime rings that have infiltrated the program as a way to launder money. For example, a criminal syndicate that owns a check-cashing service may buy stamps from recipients with tainted cash, then have a meat market it also owns forward the stamps to Washington for reimbursement...

Author: /time Magazine | Title: Backing Down on Benefits | 10/12/1981 | See Source »

...temporal O board games! Out of the Great Depression came the great Monopoly. From the Great American Tax Revolt generated by California's Howard Jarvis, 76, and Proposition 13 has come Ax Your Tax. Players try to solve complicated tax problems like how to launder the interest paid on fictitious-name bank accounts. Jarvis, who dutifully posed with an ax and some funny money to promote the game, announced that the endorsement fee had gone to his American Tax Reduction Movement...

Author: /time Magazine | Title: People, Jul. 23, 1979 | 7/23/1979 | See Source »

Among those indicted were the ring's alleged bosses, Robert Meinster, 37, and Robert Platshorn, 36, both natives of Philadelphia. They own Miami's South Florida Auto Auction, a used-car firm that the Government calls "a business front" set up to launder the drug earnings. With a membership of 50 or so, Black Tuna was described by one Drug Enforcement Administration official as consisting of "a very sophisticated and educated group of professional people." Drugs were ferried, for example, by a couple of former commercial airline pilots who are believed to have known the gaps...

Author: /time Magazine | Title: Nation: Tuna Catch | 5/14/1979 | See Source »

...wedge angled at 45° to catch sun and moon and every passing eye. Inside, the 59-story building looks as if it might have landed from outer space. Its vital functions are controlled by a battery of electronic mechanisms that, among other things, wash the air and launder the noise of the city with "white sound," an almost imperceptible brrr...

Author: /time Magazine | Title: Environment: Classy Newcomer on the Skyline | 12/19/1977 | See Source »

...document, he did ask the publisher to donate to the Reporter's Committee for Freedom of the Press any money that Schorr would have received as a result of its publication. The Times pounced on this deal, decrying it as "commercial traffic in such documents...an attempt to launder the transaction by devoting the proceeds to high constitutional purposes...

Author: NO WRITER ATTRIBUTED | Title: Daniel Schorr: Guarding The Source Of His Strength | 11/10/1977 | See Source »

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