Word: lewellyn
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Dates: during 1980-1989
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Stockbroker Gary Vance Lewellyn, 33, often told friends, and for a while the curly-haired financier from Humboldt, Iowa (pop. 4,794), made his dreams come true. Lewellyn, who ran a brokerage company in Des Moines, wore custom-made suits that he bought in batches. He lived with his wife and two children in a $200,000 home in a suburb of Des Moines. The family owned a Mercedes-Benz, a BMW, a Chevrolet and a Jeep Wagoneer...
...Lewellyn also had plenty of money for Kathryn Barakat, 35, a former hatcheck girl at a local club. He bought her a house and helped her buy a 1981 Cadillac and provided all the funds she wanted. Said she: "He wanted to marry me, and I was kind of dragging my feet, and so he decided to make me a very rich woman so that I could make up my mind and wouldn't have to marry him for money, and I wouldn't have to stay with my present husband because of the lack...
...March 31, Lewellyn withdrew $500,000 in $100 bills from the Continental Illinois National Bank and Trust Co. of Chicago, and vanished from sight. He had parked the Jeep at the Des Moines municipal airport. On the front seat he left two books: the Bible and the autobiography of a reformed check forger entitled Catch...
...Lewellyn reportedly tried an old Wall Street scam. Starting last April, he bought up 58% of the shares in Safeguard Scientifics, a Pennsylvania automotive and machine-parts manufacturer, in order to inflate the price. During a 2%-month period this year, he accounted for more than 70% of trading in the stock. In that time its value jumped from about 9 to 16 a share, although last week it closed...
...broker is said to have bought many shares through accounts opened in the names of Barakat and members of her family. Barakat, who describes herself as Lewellyn's "pampered princess," told Government investigators that she knew nothing of the schemes. Said she: "When a guy buys you Cadillacs and two mink coats and diamond rings, and gives you an unlimited expense account, you kind of think that he has a lot of money...