New Era Philanthropy charged with fraud
Article Abstract:
The Securities and Exchange Commission filed fraud charges against the Foundation for New Philanthropy, which filed Chapter 11 bankruptcy, claiming that the organization was a pyramid scheme. A judge ruled that the bankruptcy status should be changed and all the company's assets liquidated.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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Lobbyist pleads guilty in Espy case
Article Abstract:
Lake entered into a plea bargain agreement and pleaded guilty to fraud and election-law misdemeanors for his involvement in helping Henry Espy pay off his campaign debts. Espy's brother, Mike, was charged with illegal acceptance of gifts from agribusiness in 1994.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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General Electric pleads guilty in arms fraud case
Article Abstract:
General Electric pleaded guilty to charges of felony fraud in selling engines for military aircraft to Israel during the 1980s. GE's Herbert Steindler and former Israeli General Rami Dotan were accused of defrauding the US of $26.5 million.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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