Word: gurdon
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Dates: during 1980-1989
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...grand jury has indicted 24 people connected with U.S. Oil and Gas, including Gurdon Wolfson, the company's owner and president, and Larry Waxman, its executive director, for fraud and conspiracy. All pleaded not guilty; if convicted, they face possible fines of $10,000 and three years in prison. In addition, Federal District Judge William Hoeveler, acting on a civil suit filed by the Federal Trade Commission, last week issued an injunction to prevent U.S. Oil and Gas from continuing its fraudulent sales. He froze the company's assets and in effect put it out of business. Said...