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Time - Man of the Year
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Time_Man_of_the_Year_Compact_Publishing_3YX-Disc-1_Compact_Publishing_1993.iso
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04279914.000
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1992-10-19
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THE WEEK, Page 21Crime Time
A SLAVIC HANNIBAL?
He picked up his victims at bus stops and other public
places, lured them into the woods, killed them, cut them up and
possibly ate parts of them. Citizens of the former Soviet Union
have only recently become accustomed to reading about everyday
crimes in the once rigidly controlled press. Now they are
following the trial of a man the newspapers have called "the
century's most depraved mass murderer."
Andrei Chikatilo -- identified only as "Ch" in the press
until his trial began last week -- was arrested in November 1990
after one of the biggest manhunts in the Soviet Union's history.
The suspect, 56, is a father and grandfather from Rostov-on-Don
who worked as a teacher of literature before accusations that he
molested a student led to his dismissal. He is charged with
killing 53 young men and women in 12 years but has confessed to
even more. The trial is expected to last several weeks or
months; if convicted, Chikatilo is likely to get the death
penalty.
BUDDY, CAN YOU SPARE A BILLION?
A federal prosecutor called it "the mother of all kiting
schemes." No exaggeration. New York car dealer John McNamara
allegedly borrowed $1.75 billion last year alone from G.M.A.C.,
General Motors' financing subsidiary. The money, he said, went
to buy and refurbish cars to be shipped overseas. But the
vehicles didn't exist. McNamara allegedly pocketed the money,
defrauding GM of $436 million before auditors finally caught on.
Prosecutors say McNamara was running a gigantic Ponzi
scheme, covering bad loans by taking out bigger ones. He was
charged with mail fraud, wire fraud and money laundering, and
faces a possible prison sentence of as long as 30 years.
McNamara has pledged most of his wealth -- including homes in
New York and Florida and a private jet -- to make bail, set at
a stunning $300 million.