Word: holzer
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Dates: during 1970-1979
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...curtain dropped on her career, Adela Holzer. 43, played out her self-scripted role with aplomb. She even managed to maintain her poise after she was indicted last week in New York State Supreme Court on 137 counts of larceny and falsifying records. "I don't wear dark glasses when I went to be booked," she told TIME Correspondent Mary Cronin in her heavily accented English. "Everything will be done openly as 1 have led my life." With first-nighter enthusiasm, she gushed over the mug shots taken as she was booked, pronouncing them "the best. I have short...
According to the 99-page indictment filed against Holzer by New York Attorney General Louis Lefkowitz, she stole $824,820 from some of her investors in a variety of deals and issued false records "with intent to defraud." One example: an allegedly altered bank statement from a Chase Manhattan branch in Indonesia listed her balance as $10 million. In reality, her deposits at the time were less than...
Like Monopoly. As disaffected investors tell it, Holzer used her Hair-built Broadway fame to recruit backers for a wide variety of foreign import, commodity and real estate deals. She started out with a small group of associates, friends from the Spanish community and Broadway chums, to whom she would casually murmur, say, something about how she had an opportunity to make a bundle on Japanese automobiles imported to Indonesia. At first the results were impressive. One woman gave her $5,000 and made a $12,260 profit within a year. She then got some friends...
...Broadway. Lately the authorities also have become fascinated by Holzer's off-Broadway affairs. New York Attorney General Louis Lefkowitz is investigating. Last week the Wall Street Journal splashed the story of her business affairs on Page One, reporting that Holzer talked friends into putting about $10 million into foreign ventures, many of which are hard to track down. (Holzer says the total is closer to $2.5 million...
...research librarian heard about Holzer's wizardry through a friend and invested $2,500 in what she understood was a "cement deal." The first $600 in profits was to have been mailed to her more than a year ago; so far she has not seen a cent. Guillermo Seco, a Manhattan physician, made a $35,000 investment through Holzer, who, he claims, sent him glowing earnings reports of the venture. But when it came time to collect his profits, he could not. He sued and won a court judgment of $181,018. Holzer declines to discuss details of precisely...