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...thus becoming another victim of the spreading Watergate-related revelations. Eleven short weeks ago, Cook seemed likely to make his mark as the youngest SEC chief ever (he is 36), and one who would carry out the far-reaching stock-market reforms begun by his predecessor, William J. Casey; instead, he will have only the unhappy distinction of the shortest chairmanship in the SEC's 39-year history. His departure leaves a shaken agency that will have difficulty carrying out its role of guiding and policing the nation's financial markets...

Author: /time Magazine | Title: WALL STREET: Cook's Shortest Tour | 5/28/1973 | See Source »

...Harry Sears first went to Mitchell for help in impeding the SEC investigation. Sears approached Mitchell again in January 1972 to ask the Attorney General to arrange a meeting for him with SEC Chairman William Casey to discuss the case. On March 8, 1972 Vesco met with Stans and offered to donate as much as $500,000 to the Committee for the Re-Election of the President if Stans and Mitchell would help in restraining the SEC. Stans requested that Vesco make a $250,000 contribution-in cash...

Author: /time Magazine | Title: The Nation: It Started with $200,000 in a Worn Briefcase | 5/21/1973 | See Source »

...Nixon committee, and he placed it in his safe (the same safe from which $235,000 was later disbursed to G. Gordon Liddy, a convicted Watergate wiretapper). Vesco also gave $50,000 by check, which was publicly reported. Later that very day, Mitchell arranged a meeting for Sears with Casey and G. Bradford Cook, who was then SEC general counsel and recently succeeded Casey as the commission's chairman. The express purpose was to discuss the commission's investigation of Vesco's company. Stans never reported the $200,000 donation to the General Accounting Office...

Author: /time Magazine | Title: The Nation: It Started with $200,000 in a Worn Briefcase | 5/21/1973 | See Source »

Then, according to the indictments, Mitchell got Presidential Counsel John W. Dean III to ask Casey to postpone subpoenaing employees of International Controls Corp. "to prevent or delay disclosure by them of facts relating to the secret Vesco contribution." Despite denials of wrongdoing by Cook and Casey, who is now Under Secretary of State for Economic Affairs, there is a chance that they too will face legal charges for the cozy manner in which they handled the case...

Author: /time Magazine | Title: The Nation: It Started with $200,000 in a Worn Briefcase | 5/21/1973 | See Source »

...their testimony before the grand jury, charge the indictments, Mitchell and Stans perjured themselves repeatedly. Mitchell, for example, denied that he got a memo from Sears asking to see Casey in January 1972, that he received a phone call from Sears warning that Vesco was threatening to talk, or that he asked Dean to see Casey about postponing subpoenas. Stans denied to the grand jury that he discussed with Vesco securing Mitchell's help, that he asked Vesco specifically for a cash donation, or that he discussed Vesco's case with him when the money was delivered. Last...

Author: /time Magazine | Title: The Nation: It Started with $200,000 in a Worn Briefcase | 5/21/1973 | See Source »

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