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The record reveals the owners diverting millions of dollars into their pockets through large salaries, bonuses and dividends, notwithstanding the losses being incurred by the association. The record reveals a financial institution taking what the director deemed to be unacceptable risks with its depositors' monies.
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Beach Point which was owed more than $73 million tried to oust the management of the firm and presented to the court it had amassed evidence of "rampant fraud" by the company to "line the pockets of insiders."
Pocket Ref is a general-purpose pocket-sized reference book composed of various tips, tables, maps, formulas, constants and conversions, compiled by Thomas J. Glover. [1] It is published by Sequoia Publishing, and is currently in its fourth edition at 864 pages in length, released in late 2010.
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High grading is a practice of selectively harvesting fish so that only the best quality fish are brought ashore. The practice is popular in situations under individual fishing quotas where only a limited number of fish are allowed to be harvested.
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