Word: luxembourg
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Dates: during 1980-1989
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...build what it has advertised as a "sunny resort hotel." The Elks Club of Grand Forks, North Dakota and the I Tapa Keg Fraternity of the University of Anchorage are disappointed to find that they have been turned down by the management in favor of a delegation from Luxembourg--consisting of the country's entire population--which will be hosted by the Harvard Model Nuclear Superpower Conference...
...netted mostly low-level operatives, C-Chase bagged far bigger suspects. The arrests were based on indictments handed up by federal grand juries in Tampa and other cities. The indictments named some 80 defendants and the first banking company ever charged in the U.S. with money laundering: the Luxembourg-based Bank of Credit and Commerce International, the seventh largest privately held financial institution in the world (assets: $20 billion). Under a tough 1986 U.S. law, bank officials who knowingly conceal the source of illicit money can be fined up to $500,000 or twice the amount of the money they...
...complex laundering method was introduced. BCCI allegedly began to wire drug money deposited in its branches to accounts in foreign banks, using major New York City institutions as unwitting intermediaries. Once the funds were overseas, BCCI allegedly used them to buy certificates of deposit at banks in France, Britain, Luxembourg, Uruguay, Panama and the Bahamas. Using the CDs as collateral, BCCI then issued phony loans for slightly smaller amounts to the agents' Panamanian account. Once again, the agents gave the Colombians signed blank checks drawn against the account. BCCI collected the CDs as "payment" for the loans, pocketing the difference...
...Tolk devised a different plan for returning to school several years behind his friends. He got married to a Harvard classmate a year after he returned. Tolk, who went to France, Belgium and Luxembourg after his freshman year, says that his mission "helped me with discipline and gave me a lot of direction...
...Next morning the weather was benign. Only the racecourse was horrific: at the top an icy centrifuge of steep, high- speed turns, and past the midpoint, where racers still on their skis carried speeds of 80 m.p.h., a snaky, relatively flat descent over jarring, artificially created bumps and depressions. Luxembourg's two-time World Cup champion Marc Girardelli said that Mount Allan's downhill was the "most difficult in the world," worse than Kitzbuhel's thunderous Hahnenkamm...