Word: fraud
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Dates: during 1990-1990
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Moreover, the idea that affirmative action is just a temporary remedy is a fraud. With every new civil rights act, like the one just attempted and soon to be reintroduced in the 102nd Congress, ethnic quotas and race consciousness become more deeply woven into American life. The current uproar over race- based college scholarships reminds us just how divisive the issue...
...tried to realize its ambitions by buying bomb- grade material from underground suppliers. In 1982 Iraqi agents paid $60 million to a team of Italian-based smugglers who claimed to have access to stores of plutonium and highly enriched uranium. According to U.S. officials, the smugglers' offer was a fraud, and the Iraqis walked away from it empty- handed...
...sentence was by far the stiffest jail term in a five-year federal crackdown on securities fraud that has so far netted a dozen major convictions. The big fish included Wall Street speculator Ivan Boesky, who was fined $100 million for insider trading in 1986 and sentenced to three years in prison (he served two). As a condition of his plea bargain, Boesky helped prosecutors pursue Milken...
Three weeks ago, in one of the largest claims ever against a mutual fund operator, officials in New York and Massachusetts filed fraud charges against First Investors (assets: $3.5 billion) and a total of seven of its top executives. At least five other states may follow suit. "These were the junkiest of the junk bonds, yet investors who asked specific questions about them were lied to," says New York Attorney General Robert Abrams. "We've handled many fraud cases before, but nothing approaches the scale of what we see here. This is heartrending...
...struggle was not over. Cuauhtemoc Cardenas, the son of a venerated former President, broke with the P.R.I. and ran a populist campaign that drew unexpectedly strong support. Partisans insisted that Cardenas won and that the 50.3% of the vote credited to Salinas was the result of massive fraud. Though election chicanery is commonplace in Mexico, Salinas is the first President to have the legitimacy of his mandate widely questioned...