Word: fbi
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Dates: during 1970-1979
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...different sort of enforcement business, Big Tuna. Levinson complained, according to a police informant, about his misfortune. For reasons of his own, Big Tuna sympathized. An order soon went out from River Forest: return the swag. The gang reluctantly obeyed, handing over the loot to Accardo who, police and FBI officials believe, kept it at his home, which is guarded by an elaborate alarm system...
...Government set up a two-tier price structure that established a low rate (now $5.34 per bbl.) for old oil already in production and, as an incentive for exploration, a higher price (now $11.87) for new finds. Under near wartime security in Houston, the Justice Department and six FBI agents are looking into charges that oil companies camouflaged the origins of old oil and sold it as new crude...
...Daisy chains." Justice Department and FBI oil-fraud "strike forces," working with at least one grand jury in Tampa, Fla., are also looking into pricing swindles carried out by fuel brokers and oil companies. Some oilmen and brokers conspired to sell and resell refined oil several times among themselves, each time at a higher price with large kickbacks, before finally passing it on to an end user, who was either part of the conspiracy or especially gullible...
...sales involved only a piece of paper being shuffled between desks; the actual oil never changed location. The most celebrated case to date involved the rip-off of Florida Power for as much as $8.5 million. Since that fraud was made public last August by the St. Petersburg Times, FBI agents have uncovered but not yet publicly identified other daisy chains, some apparently centering in Houston. Grand juries are said to be probing into these operations...
...foot-dragging and no coverup. "The investigation is just complicated," says J.A. ("Tony") Canales, the U.S. Attorney for Houston. "You're damn right it is being done in unusual secrecy. I don't want to hurt anybody who is innocent. We are conducting an investigation with the FBI into certain business entities involved in the reselling of oil. I am informed that there were some 60 or 70 such businesses created almost overnight. Not all are under investigation, of course, but the investigation is mushrooming...