Word: bank
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Dates: during 1950-1959
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...show, she goes over her fan mail (about 5,000 letters a week), then plunges into the endless round of business luncheons, hairdressers, interviews, benefits, art showings, recording sessions and couturiers (she has 200-odd "changes" filling her five closets). Arlene makes trips to the bank in an armored car, but insists that she likes the work more than the $250,000 annual paycheck she draws. Although the theater is really her first love, she greatly enjoys being a home appliance. "The theater is caviar." she says. "You can't count on having it all the time...
...Icelandic is negotiating for a sizable loan from the Export-Import Bank to buy new equipment, hopes to have two turboprop airliners on its Far North routes by 1959. Since faster, bigger planes will bring higher revenues, Icelandic expects to keep bargain fares for years to come. Says Craig: "They call us cut-rate, and I'm proud...
...initiative," said the citation two years ago, and all Fort Worth beamed with pride. As the city's "Outstanding Young Man of 1955," Jack Donald Hubbard, then 35, was the kind of bigger-than-life operator that Texans instantly recognize and dearly love. Starting as a teen-age bank runner, he had become president of the Bank of Commerce, a church elder, a United Fund official, district chairman of the Boy Scouts and of a Savings Bond drive. Last week Fort Worth learned just how extraordinary Jack Hubbard's talents were. A federal grand jury indicted...
...losses came from what the grand jury termed a gigantic check-kiting operation; as outlined, it called for the nerve of a pickpocket and the timing of a trapeze artist. One of the oldest and trickiest to work of all bank schemes, check kiting consists of covering one bad check with another bad check. The operator draws funds from Bank A on a phony check written on Bank B; then another phony check is written for deposit in Bank B to cover the original check. In the interval before the checks clear, the check kiter gets a fat bankroll...
...president of River Oaks. Banker Hubbard was in perfect position to make the dodge pay off indefinitely. But a suspicious officer of another bank boggled at several cashier's checks drawn on River Oaks State last fall, and he tipped the state bank examiner, who started investigating. In short order Hubbard resigned and River Oaks State Bank closed. The FBI was brought in, spent ten months tracking down thousands of checks written on 47 accounts in twelve banks and cashed as far away as Wichita, Kans. On their evidence, the grand jury cracked down. U.S. District Attorney Heard Floore...