Word: guterma
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Dates: during 1970-1979
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Died. Alexander L. Guterma, 62, financial wizard who swindled investors out of millions of dollars in the 1950s; along with five members of his family in the crash of his private plane as it approached New York City's La Guardia Airport. An entrepreneur in the Philippines during World War II, he arrived in the U.S. in 1950 and quickly gained control of more than a dozen companies, including a brokerage firm, electronics and real estate interests, and the Mutual Broadcasting System. Guterma was convicted in 1960 of fraud, conspiracy and failing to register as an agent of Dominican...