Word: everett
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Dates: during 1970-1979
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...routine audit of Kerner's tax return revealed that he had listed income from the sale of stock in a firm he called the "Chicago Company." Further investigation showed the firm was in fact Chicago Thoroughbred Enterprises, Inc. (C.T.E.), whose principal shareholder at the time was Mrs. Marjorie Everett, once known as the "queen of horse racing" in Illinois. C.T.E. owned Washington Park and Arlington Park, two race tracks near Chicago. Their suspicions aroused, Internal Revenue men checked the return of Theodore Isaacs, a Kerner crony and Illinois revenue director, who also had listed income from sale of Chicago...
...they were allowed to buy 50 shares of C.T.E. stock. Each put up $25,000. At that time the 50 shares were worth a total of $300,000, but they paid only about what the stock had been worth in 1962. In an effort to disguise the bargain, Mrs. Everett signed a "letter of intent" to sell the stock that carried a fake date...
...months later, Kerner and Isaacs traded their C.T.E. holdings for 5,000 shares each in the Balmoral Jockey Club, another racing venture of Mrs. Everett's. In 1967 they sold the Balmoral stock for $30 a share, collecting a profit of $125,000 each on their original $25,000 investment. Government investigators also learned that Kerner and Isaacs turned a profit of $22,400 apiece within a ten-month period on stock in other Everett interests...
...Council voted down an amendment by Everett I. Mendelsohn, professor of the History of Science, that the Faculty's instead elect three tenured and one non-tenured Faculty members to sit on the screening committee...
...seem amply justified; last summer a grand jury indicted city officials for obstructing justice in covering up what it decided was an unprovoked case of police overkill. The November issue of the Review included a report on the cozy, profitable relationship between several local sport reporters and Marje Everett, former principal owner of Arlington Park and Washington Park race tracks...