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...subcommittee amassed a wealth of information about payments that Northrop made overseas. Much of the information came from a 530-page report prepared by Northrop's auditors, Ernst & Ernst, which started to investigate to comply with a consent decree that settled a Securities and Exchange Commission suit against Northrop. In their testimony, Jones and Executive Committee Chief Richard Millar sought to justify most of the payments as legitimate. In many cases they failed to convince skeptical Senators, who expect similar revelations from other companies. One danger is that in the public view, innocent multinationals will be clobbered along with...

Author: /time Magazine | Title: SCANDALS: Lifting the Lid on Some Mysterious Money | 6/23/1975 | See Source »

Among his other accomplishments, Cain spoke Spanish fluently. With the consent of the CIA, intelligence sources say, Detective Cain began recruiting Spanish-speaking toughs on the Windy City's West Side. Some of the hoodlums were sent to Miami and Central America for training in commando tactics...

Author: /time Magazine | Title: The Nation: The Momo and Cain Connection | 6/16/1975 | See Source »

...sentence: a 60-day jail term, which he will appeal. The California case could cause Patrick more trouble in Colorado; he was convicted on a charge of false imprisonment in Denver last year, but placed on probation and ordered not to practice his specialty on adult cultists without their consent...

Author: /time Magazine | Title: Religion: Prison for Patrick? | 6/16/1975 | See Source »

...under pressure from the administration. It is doubtful that a simple resumption of aid--if the House also approves this--will promote any gestures of good will towards the Greek Cypriots or the United States, since the threat on an embargo never induced any compromises. But the Turks might consent to soften their position on Cyprus if that was made firm precondition to the sale of arms...

Author: By Anemona Hartocollis, | Title: A Splinter in NATO's Flank | 6/10/1975 | See Source »

Until last week, state officials had taken only one case to court. During the proceedings, Equitable Development Inc. of Miami Beach, which had sold some $8 million worth of notes to 700 investors, agreed not to sell any more without the state's consent. Controller Gerald Lewis is now seeking to have the firm put into receivership. Equitable President Bernard Horowitz says the state is indulging in a "witch hunt" and claims that "all land-development companies work in the same fashion...

Author: /time Magazine | Title: Business: Byzantine Land Fraud | 6/2/1975 | See Source »

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