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...order against Dillon, an economics major who is presently on a leave of absence from Harvard, also alleges that he represented his firm as an independent business and himself as a broker-dealer when in reality his firm was a branch office of the Securities Investment Services Corp. (SIS) of Boston and Dillon an agent of that corporation. He was charged, further, with depositing payments in a Dillon Company bank account over which he alone had control...

Author: By Jonathan H. Alter, | Title: State Closes Student Firm; Probes Charges of Fraud | 5/9/1978 | See Source »

...personal finances, even though the need for a strong code was underscored last week by the sentencing of former Democratic Representative Richard Hanna of California to jail for six to 30 months for conspiring to defraud the U.S. He was accused of accepting more than $200,000 from Rice Broker Tongsun Park as part of Park's effort to buy congressional support for South Korea...

Author: /time Magazine | Title: Nation: Awful Timing | 5/8/1978 | See Source »

...Corp. had struck oil off the New Jersey coastline. In addition, there were reports that President Carter was considering reducing the size of his proposed tax cut, a move that would tend to counter inflation. Buyers also came back because of the Street's herd instinct. As one broker put it, investors saw the gathering momentum and the market's rising prices and said, "Oh God, it's getting away from us"-and rushed in before prices rose further...

Author: /time Magazine | Title: Business: Nice Surprise On Wall Street | 4/24/1978 | See Source »

...with five pearls gleamed. Under the hot glare of TV lights he kept dry and cool, sipping club soda. From behind the immaculate facade, however, came a sordid account of influence peddling. In two days of public hearings before the House ethics committee, Tongsun Park, the South Korean rice broker and Georgetown party host, provided the details of how he gave 31 past and present Congressmen, two congressional candidates and President Nixon's re-election committee upward of $850,000 in gifts and "campaign contributions." Indicted last September on 36 counts including mail fraud, failure to register...

Author: /time Magazine | Title: Nation: Park Talks (a Little) | 4/17/1978 | See Source »

...special counsel, Leon Jaworski of Watergate fame, Park is expected to disclose the names of 31 Congressmen, who he claims took $750,000 in payoffs in return for their support of continued U.S. economic and military aid to South Korea and of his own position as an international rice broker...

Author: /time Magazine | Title: Nation: Park Goes Public | 4/10/1978 | See Source »

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