Word: karatz
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...home inventories, especially with mortgage rates higher than last year's levels. KB Home, a national builder, says its cancellation rate shot up to 37% in the second quarter, from 25% a year earlier. "People are making arguably the most significant economic decision in their life," says CEO Bruce Karatz. "They want to feel like they're being smart, and in some markets it's unclear whether it's smart to buy a home...
...boom may be happening. Deals are popping up around downtown and along the Mississippi riverfront. KB Home, one of the nation's largest home builders, is racing to start up to 10,000 Orleans-style houses just across the parish line, as well as 58 lots downtown. Bruce Karatz, CEO of California-based KB Home, promises that the houses "will have the New Orleans feel. New Orleans has a certain charm, a unique style and colors...
Named with Tucker were Harold A. Karsten, alias Abraham Karatz, a promoter who once served a jail term for bank embezzlement conspiracy; former Investment Banker Floyd D. Cerf, whose firm had a net worth of only $87,352, yet made $2,500,000 on the sale of Tucker stock; and five former Tucker directors...
Among them were Tucker's dealings with one Harold A. Karsten, formerly known as A. H. Karatz, a fellow promoter of the Tucker Car Corp. Tucker had attempted to conceal the Karsten connection, said SEC, because of Karsten's "criminal record."* Karsten introduced Tucker to Floyd D. Cerf Co., Inc., a Chicago underwriting firm, and later helped him negotiate his lease for the $70 million surplus Chicago Dodge plant from the War Assets Administration...
...Karatz, a lawyer and former carnival barker, he was sentenced to one to five years in jail for conspiring to embezzle $55,000 from Chicago's Amalgamated Trust & Savings Bank...