Word: bankster
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...tried on a criminal charge of tax evasion, acquitted (TIME, May 1, 1933). In a civil proceeding the Board of Tax Appeals then ordered him to pay the evaded tax, amounting to $728,709.84. This week a U. S. Circuit Court of Appeals in Manhattan turned down Bankster Mitchell's appeal from that ruling. Big difference between the Mitchell and Du Pont-Raskob methods of establishing losses was that Bankster Mitchell sold his stock not to a friend but to his wife, who only promised to pay for it and, according to the Court last week...
...Doherty thereby concocted a formula which other rich men, suspected of remissness by their past or present stockholders, could readily adapt to their own needs. Last week Albert Henry Wiggin, boomtime head of Chase National Bank, offered $2,000,000 to settle stockholders' actions brought after Bankster Wiggin's embarrassing session with Ferdinand Pecora and the Senate Banking & Currency Committee in 1933. In his offer Mr. Wiggin revealed that he had already paid out more than $1,000,000 in settlement of similar suits...
...this settlement." Acceptable to the suing stockholders, Mr. Wiggin's offer must be approved by the courts. Payments by the Hayden and Ledyard estates would go to Chase Bank, while the Wiggin money would be divided equally between the bank and Amerex Holding Corp., successor to Chase Securities. Bankster Wiggin's terms were 25% down and the balance in three equal annual installments...
...learned from, the national bank examiner in June 1932 that the Harriman bank was from $4,000,000 to $6,000,000 "under" and that $1,300,000 had been lifted from depositors' accounts to peg Harriman bank stock on the market, he concluded that criminal prosecution of Bankster Harriman just then would endanger other Clearing House banks. To postpone such prosecution until the bank's affairs were in order, Mr. Harriman was eased into the board chairmanship, and Mr. McCain induced Henry Elliott Cooper, onetime Chase National vice president, to take the presidency of Harriman National Bank...
...branches of Travelers Bank in Nice, London and other European cities had closed their doors, and agitated French magistrates, mindful of I'affaire Stavisky, issued a shower of warrants for almost anyone named Neidecker. But the Neidecker exodus was complete for already steaming westward was another ship bearing Bankster Neidecker's wife, his two children, his mother, his two authentic brothers and one of his automobiles...