Word: cornfeld
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...dreams of instant wealth. Many collapsed just as quickly, falling victim to mismanagement, unrealistically high expectations or, in some cases, outright fraud. Some survive only as names in the memory of angry investors. Stirling Homex (modular housing) no longer exists; King Resources is still in bankruptcy proceedings; and Bernie Cornfeld's Investors Overseas Services is in the terminal stages of liquidation...
First, fun-loving Financier Bernie Cornfeld lost his mutual fund empire. Now, at 48, he's said goodbye to another cherished asset−his swinging bachelorhood. In a candlelit ceremony at his Beverly Hills mansion, Bernie appeared in dazzling white−it was, after all, his first marriage−to wed Lorraine Dillon Armbruster, 28, a sometime fashion model whom he met in Paris a year ago. After the Jewish ceremony, the happy couple accepted congratulations from a crowd of well-wishers that included Best Man Tony Curtis, Warren Beatty, Michelle Phillips and Bernie's Russian-born...
...extradited from Costa Rica, to which he fled in 1972, he will face trial on four indictments. The latest, returned in mid-January, charges Vesco and six associates with selling stocks held by mutual funds that were managed by I.O.S. Ltd.-the investment complex once controlled by Bernard Cornfeld-and then investing more than $100 million of the proceeds "for their own use and benefit" in corporations they controlled. Some $60 million allegedly went into Inter-American Capital, a Costa Rican-based corporation...
...audacious entrepreneurs who built conglomerate empires from scratch in the 1960s, James Derrick Slater endured the longest. Americans like James Ling (Ling-Temco-Vought), Bernie Cornfeld (Investors Overseas Services) and John King (King Resources) saw their corporate houses of cards collapse around them, but England's merger lord and his mammoth Slater, Walker Securities Ltd. seemed to grow more prosperous every year. Now Slater, 46, has also had his comeuppance, His company's role in alleged fiscal improprieties is under investigation in Hong Kong and Singapore; he has resigned as chairman of Slater, Walker and gone into seclusion...
...somehow heightened, whose gestures are grandiose and larger than life. But, like a force of nature, or a mutant, he is never explained--we are left unclear whether this strange, attractive figure is the eternal type of the low-born, high-living con man, an Ivar Krueger or Bernie Cornfeld, or the unique, demented product of his own life history...