Word: departmental
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Dates: during 1930-1939
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To McKesson & Robbins, Inc., whose 1928 expansion was underwritten by Goldman, Sachs and Bond & Goodwin, Dr. Coster transferred a private enterprise of his own, the business of trading in crude drugs from far places-China wood oil, camphor from Japan, Javanese quinine. McKesson & Robbins' crude drug department was very...
All the mystery was in the crude drug department, which Dr. Coster ran with the help of Assistant Treasurer George E. Dietrich. Each year the department reported a nice inventory profit from its operations abroad and this profit was added to the inventories and accounts receivable on the books. Accountants...
W. W. Smith had moved its New York office to Brooklyn, where Mr. Thompson interviewed a "funny looking customer" named Vernard who remarked: "I hear you're doing a lot of alcohol business these days." Mr. Thompson found that the crude drug department warehouses were nothing but addresses-one...
Chapter 5. By the fourth day of the case possible missing assets had grown to $18,000,000-$10,000,000 in inventories and $8,000,000 in accounts receivable. Five investigations began-by the SEC, Department of Justice, U. S. Treasury, New York State Attorney General John J. Bennett...
Chapter 6. At week's end Mr. Bennett got a court order tying up a $100,000 brokerage account of Dr. Coster's wife, Carol, on the ground that "she is in all probability in possession of funds which . . . may be ... derived from . . . fraudulent practices." That seemed to...