Word: defrauds
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Dates: during 1950-1959
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...scribbled a strange memorandum and put it in his safe. In it, he had authorized half-brother Jan to buy the whole empire-then worth some $45 million-for only $2,500,000. Justice Schreiber wrote that the only logical surmise was that he did it to "defraud the tax authorities of Czechoslovakia," by making his estate "seem infinitely smaller than...
...attorneys sprang a surprise; they offered no defense witnesses. "After all," said one, "it is impossible to present a defense when there has been no offense." Instructing the jury, Judge Walter J. La Buy said that the primary question was whether Tucker and associates had intended to defraud stockholders or had acted in good faith. Even though they had failed to make cars, said the judge, "good faith is a 'complete defense." This week, after 17½ hours of deliberation, the jury acquitted Tucker and associates of all counts. Said one juror: "It wasn't so hard...
Died. Howard Colwell Hopson, 67, nimble promoter who pyramided 'the Associated Gas & Electric System into a billion-dollar holding-company empire that collapsed in the '30's; of a cerebral hemorrhage; in Greenwich, Conn. Charged with using the mails to defraud, Hopson could account for such expenditures as a 10? bone for an unidentified dog, but not for $20 million swindled from stockholders. Jailed on a five-year sentence in 1941, he was released in 1944 to live out his life in a mental sanitarium...