Sentences with phrase «exploit weak laws»

Not exact matches

• Private equity firms have descended on the Bronx, looking to exploit weak housing laws.

That wasn't always the case though, as New York's blue sky law was initially weaker than that of many other states, until the New York Supreme Court determined in People v Federated Radio Corporation (1926) that the act's purpose was to «defeat all kinds of fraud in connection with the sale of securities and commodities and to defeat all unsubstantial and visionary schemes in relation thereto whereby the public is fraudulently exploited,» even if the fraud can't be proven to have «originated in any actual evil design or contrivance to perpetrate fraud or injury upon others.»

A Sun Sentinel investigation found that several charter school operators exploited Florida's weak laws overseeing charter schools, receiving hundreds of thousands of dollars in public money to open charter schools that closed within months.