Word: launderers
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...attorneys and public relations firms with whom they had previous friendly business dealings for interest-free loans ranging from $5,000 to $56,000 each. AMPI paid back the lenders by raising their retainers. All of them now claim that they never suspected that they were being used to launder the money contributed to Nixon. Ironically, many of the lenders were prominent Democrats, including Richard Maguire, former treasurer of the Democratic National Committee; the late Clifton C. Carter, former executive director of the D.N.C.; and Ted Van Dyke, who was an adviser to George McGovern's presidential campaign...
Wolfman had to launder his routines as his audience grew. Still, his nutty patter, the conversations on the "Wolfman telephone," have remained a steady feature. He loves to talk about them: "If a guy calls me and says, 'I had a fight with my girl friend, what should I do?' I'll say, 'Get naked and run around your bedroom,' or I'll say, 'Stand on your head.' " He also talks about love and life, coming across as quite sincere to many of his young listeners...
Despite his youth, Vesco often acts -and talks-like a figure from the early days of American capitalism. He sees his role at I.O.S. as helping the floundering financial combine regain the good graces of financial institutions and lenders. "It's our job to launder the deal," he says. In accepting Vesco's aid, I.O.S. announced that the loan-along with Cornfeld's return to the I.O.S. executive committee-"paves the way for an early revitalization of the company's affairs." That may be quite a challenge. I.O.S.'s sales force has shrunk...
AMERICAN investment in foreign countries is often an irritation to foreigners, who worry about alien economic dominance. What is far less visible and less controversial is the great foreign stake in the U.S. Few Americans realize that when they launder clothes with Lever Brothers' Lux, drink Lipton's Tea, open a can of Libby's tomato juice or groom their hair with Beecham's Brylcreem, they are buying from companies owned or controlled by foreigners...
Nothing Like Fear. Disposables already worry operators of the nation's 400 diaper services, which have an $85 million-a-year share of the market. Such services spare mothers from having to launder diapers, but throwaways have the extra advantage of eliminating malodorous diaper containers. Inevitably, there is a Diaper Service Industry Association, based in Philadelphia. Its executive vice president, John A. Shiffert, says: "I would be less than honest if I told you that the association is not concerned about the competition presented by disposable diapers...