Word: guterma
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Dates: during 1960-1969
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Though no one was talking-least of all McCormick, who last week disappeared from all his old haunts-one of the things the investigators reportedly uncovered was McCormick's friendship with Alexander Guterma, former president of the Detroit auto parts firm of F. L. Jacobs & Co., who was sent to federal penitentiary two years ago for stock fraud. The friendship was close enough, so the story went, that when McCormick ran up a sizable gambling debt during a 1956 trip to Havana, he let Guterma pick...
Like McCormick's dealings with the Res, this was presumably legal-and occurred before Guterma's illicit stock operations became known. But once again McCormick could be faulted for ethical misjudgment. Given McCormick's undeniable services to Amex, his colleagues might, in different circumstances, have taken a less stern view of his peccadilloes. But when the SEC investigations get into full swing early next year, the governors of the American Stock Exchange will have all they can do to defend their exchange as an institution, without having to make the case for Little Mac as well...
...would-be buyer from Brooklyn was told he would have to wait because two other Brooklynites had orders in. (He offered to move to Connecticut if that would help.) Financier Alexander Guterma surprisingly got three, but betrayed Dual-Ghia owners everywhere by landing in jail. With status seekers from Beverly Hills to Mount Kisco still clamoring for Dual-Ghias, Dual-Motors last week announced that it will have a new Dual-Ghia hardtop for sale this fall, to be called the "Ghia 6-4-L." Unlike the old car, the new one will be assembled in Italy, exported...
...Lionel's proxy statement also disclosed that Cohn had financed the purchase of 14,587 shares of Lionel stock for Paul M. Hughes and his wife. A year ago Hughes was named -but not indicted-as a co-conspirator in a stock-fraud indictment against Super-swindler Alexander Guterma. To make Lionel's trains run on time, Cohn has employed Hughes as an administrative assistant. His salary...
ALEXANDER L. GUTERMA, 44, the freebooting financier convicted of bilking the public of nearly $1 million when he headed F. L. Jacobs Co., was fined $160,000, sentenced to four years, eleven months in prison. Still to come: trial on three other indictments...