Word: accounting
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Dates: during 1960-1969
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Embarrassed Bankers. So climaxed the latest chapter in the continuing, incredible soybean scandal-the most prodigious swindle in modern times, reaching out from the grimy waterfront of Bayonne, N.J., and involving big commodities dealers in Buenos Aires, recipients of U.S. foreign aid in Karachi, and a numbered bank account in Zurich. Sixteen companies have been bankrupted. Eleven firms controlled by De Angelis have gone under, as have two respected Wall Street brokerage houses and one subsidiary of American Express Co. Embarrassed bankers from London to San Francisco have been taken for many millions. So have De Angelis' customers, notably...
Hundreds of Haupt's customers crowded into its 15 offices, demanding the return of the stocks that were held on account in the brokerage firm. In many cases, their stocks were held in Haupt's name, and the bankers were legally entitled to take them in payment for loans made to Haupt. The New York Stock Exchange, fearful that the scandal would shake the public's trust in the market, put up $9.5 million to pay off Haupt's anxious customers. The New York Produce Exchange halted all trading in cottonseed oil. Tino's major...
Tino himself drew at least $100,000 a year from Allied, boasts that he munificently gave away perhaps $3,000,000 to pals. Now he claims that he is broke. But the court pried out of him the fact that he had $500,000 in a numbered Swiss bank account; this cache has been turned over to his bankruptcy trustees. How much more Tino may have stashed away is a secret locked in the nimble brain of the fat man who fooled everybody. If he values his freedom highly, he may, under the terms of his sentence, still tell quite...
...Handlin committee was to oversee the first phase of the oral history, which would be a series of spontaneous interviews with those close to the President The committee was then to write a report, detailing the project's second phase, which was to be a more systematic account of the Kennedy years...
...Penney's new-look stores, 25% of the space is given over to such fast-moving and profitable hard goods as TV sets and washers; this year the company will move into plumbing supplies, nursery stock and musical instruments. The chain now has 5,500,000 charge-account customers who last year accounted for 30% of sales; moreover, it has opened 405 desks in Penney stores to take catalogue orders directly from shoppers or by telephone, and is adding 50 more to increase the $630 million business written up last year from its glossy 1,098-page...