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...nation's largest dairy cooperative and a big contributor to Nixon's 1972 campaign. When it appeared that federal investigators were about to discover the gift, Jacobsen said, the pair agreed to formulate a false story that the money had remained in Jacobsen's safe-deposit box in an Austin, Texas, bank. On Oct. 29, 1973, said Jacobsen, Connally gave him $10,000 back, which Jacobsen placed in the safe-deposit box. But it was not the original $10,000, and, according to Jacobsen, Connally grew anxious that some of the bills had been circulated after...

Author: /time Magazine | Title: TRIALS: Some Circulatory Problems | 4/21/1975 | See Source »

...Treasury Secretary, and 49 of them did. If Jacobsen's story is true, it seems puzzling indeed that Connally blundered by including so many Shultz bills. The purpose of the alleged exercise, after all, was to make it seem the money had been in Jacobsen's safe-deposit box all along. Under Williams' tough crossexamination, Jacobsen also acknowledged that Associated Milk Producers Lobbyist Bob Lilly had given him a third $5,000 for Connally, but that he had no "firm recollection" of actually having passed the money on; that he had told investigative bodies on several occasions...

Author: /time Magazine | Title: TRIALS: Some Circulatory Problems | 4/21/1975 | See Source »

...rescuing many of his fellow Jews during the Nazi occupation of his native Hungary, developed close relations with Israeli leaders. I.C.B. financed oil deals and huge, hushed arms transactions for Israel. Rosenbaum was also highly respected by many Jews around the world, who often used his bank to deposit funds for investment in Israel; indeed, until February he was treasurer of the World Jewish Congress...

Author: /time Magazine | Title: SCANDALS: Energy, Bananas and Israeli Cash | 4/21/1975 | See Source »

...when the pair learned that Lilly had told the special prosecutor's office of the payola, they concocted a story that Jacobsen had offered the money to Connally for political candidates but that he had turned it down and the cash had remained in Jacobsen's safe-deposit box at an Austin bank. To make good their story, Jacobsen told the court, Connally gave him $10,000, handing it over in a cigar box. Jacobsen said that he then deposited the money in the Austin safe-deposit...

Author: /time Magazine | Title: TRIALS: Big John at the Bar | 4/14/1975 | See Source »

...agents opened the safe-deposit box in November 1973, they found 16 bills in the cache that had not been in circulation in 1971. Confronted with this evidence, Jacobsen said, he decided to spill the whole truth...

Author: /time Magazine | Title: TRIALS: Big John at the Bar | 4/14/1975 | See Source »

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