Crime in the Suites

A spree of corporate skulduggery raises questions and concerns

The way things are going, FORTUNE may soon have to publish a 500 Most Wanted list. During the past few months the news has been filled with tales of business schemes and scandals, of corporate intrigue and downright crime. The offenses make up a catalog of chicanery: cheating on Government defense contracts, check-writing fraud, bogussecurities dealing, tax dodges, insider trading and money laundering. Among the culprits: General Electric, E.F. Hutton, Bank of Boston and General Dynamics. Once powerful and respected executives, including Jake Butcher, the Tennessee banker, and Paul Thayer, the former LTV chairman, are now facing the humbling prospect of...

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