Word: liens
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...prevent his own tiu lien (loss of face), he told his trusting customers that he had known of the Hong Kong failure and had withdrawn their funds in time. Then he set up a phony account in his Chinatown bank, juggled his books, which were kept in Chinese characters, so as to pay back anyone who demanded cash from Hong Kong...
...status of married student housing has never been litigated in Massachusetts courts. Boston University began court action over a tax on their married student project, but the controversy was settled out of court. B.U. now makes payments to the City of Boston in lien of taxes...
Harvard has made a public proposal to pay Cambridge 50 per cent of assessed value on the building in lien of taxes. In May, 1962, the Cambridge City Council gave unanimous consent to a resolution asking acceptance of the Harvard offer, However, the decision is up to the Board of Assessment...
...Francisco might have forgotten its mysterious millionaire-but the U.S. Internal Revenue Service has made Galvin a conversation piece again. It filed liens against his California property for $21,261,818 for back taxes-the largest lien against an individual in IRS memory. The Government says John Galvin owes that rajah's ransom for taxes unpaid be tween the years 1954 and 1957. Calvin's California lawyer says he owes nothing...
...fraud charges of, among other things, making a false SEC report and misappropriating $1,953,000 of the funds of the E. L. Bruce Co., Inc., the lumber milling giant that he had bossed before fleeing last June; twelve New York State charges of grand larceny; a U.S. tax lien amounting to $3,500,000. The erstwhile timber wolf of Wall Street faced up to 194 years in jail. Why then had he returned from extradition-free Brazil...