Word: complaintant
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This illegal practice, known as insider trading, caught up with Levine last week. The Securities and Exchange Commission filed a civil complaint charging him with 54 violations of federal securities law that were part of an elaborate scam involving fictitious names, phony Panamanian corporations and a Bahamas-based broker. Soon thereafter, U.S. marshals arrested him in Manhattan on the criminal charge that he had obstructed the SEC's investigation. If the SEC's civil charges are upheld, Levine could be forced to hand over $7.6 million in illegal profits and pay a $22.8 million fine. He could also be sentenced...
...Levine case was the largest insider-trading complaint ever filed by the SEC, and it spurred anxiety and soul-searching in Wall Street boardrooms. Levine had allegedly amassed a total of $12.6 million in illicit profits while working for three investment firms--Drexel Burnham Lambert, Lehman Bros. and Smith Barney--during the past 5 1/2 years. Insider-trading cases come and go like stock-market rallies, but never has such a high-level executive been accused of using privileged information for so much personal gain over so long a period of time. Wall Streeters think that Levine must have been...
...time, as many have done in the past because of loopholes. Boeing, ITT, General Dynamics, Greyhound and Grumman, among others, paid no taxes between 1981 and 1984, according to a study by Citizens for Tax Justice, a consumer and labor group. Commented T.A. Wilson, chairman of Boeing: "The complaint is that through various techniques, we defer taxes. I would just as soon have a minimum tax and take a lot less of that flak." The minimum tax would help finance the reduction of rates for companies that have been paying high levies, particularly such light industries as food processing...
...struggle, though his identity remains a mystery. Ordinary home dishes are able only to receive signals, not to send them; thus experts think the pirate signal probably came from a TV station or other commercial facility. Wherever the stunt originated, TV executives were not amused. HBO has lodged a complaint with the FCC, threatened to prosecute the pirate and made technical adjustments that it claims will prevent any repeat attack. "He probably thinks this was just a prank," says HBO Vice President David Pritchard. "But the fact is someone has interfered with authorized satellite transmissions." The incident has raised concerns...
Valentino is not the only Roman offended by the huge fast-food emporium, which is located in the heart of the Eternal City. But he is affected more than most because the flues from the kitchen exhaust are directly below the studio windows of his six-story palazzo. The complaint is scheduled to go to court this week. "The whole building smells like a fast-food joint," says Valentino's lawyer. McDonald's owner, Jacques Bahbout, is unhappy about the flap and insists that he is willing to make changes without being dragged into court. Says...