Word: lerman
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Thus began a financial transaction that continues to attract scrutiny (see chart). The property in which Ferraro held a half-interest was a two-story brick commercial building at 231 Centre Street in Lower Manhattan. She and Manny Lerman, a longtime business associate of her husband's, had bought the building on May 1, 1978, at what Ferraro says was a bargain price: $175,500. Each put up $25,450 in cash. The balance of $124,605 was met by a mortgage, an obligation that they split at $62,300 each...
When Zaccaro sought a buyer for her interest in this building, he went to Lerman. They decided a fair market price was $325,000, nearly twice what Lerman and Ferraro had paid for the property five months earlier. (This value estimate was not unreasonable, it turned out, since the building was resold two years later for $375,000.) If they sold the building for $325,000 and paid off the $124,605 mortgage, Ferraro and Lerman would get roughly $200,000. Lerman agreed to pay Ferraro $100,000 in cash for her share. In purchasing her interest, Lerman took over...
Zaccaro promised Lerman he would buy back Ferraro's share for $100,000. Thus Lerman knew he would get back his cash payment of $100,000. In buying the half-share, Zaccaro would acquire half the mortgage obligation...
...Jersey Petroleum Executive Miles Lerman, a survivor of Nazi slave labor camps in Russia, agreed. "There is no way to measure what the Germans did against the helpless. Still you can't allow it to kill your own life. You must go on. And speak out: about Africa, the boat people, anyone in trouble...
...temporary measure -- that all reserve collections should be returned to Hilles as soon as possible, before too much of the semester progresses. And all reference science books should also be returned as soon as this becomes feasible. Science Tutors of the Radcliffe Houses: Jorge Goldstein, South House, Chemistry Charles Lerman, North House, Chemistry Judith W. Lerman, North House, Chemistry Leroy G. Wade, Jr. North House, Chemistry Michael Madison, Currier House, Biology Julian G. Blake, South House, Physics