Word: loaning
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...cash, and a lease on her posh digs at Kensington Palace. Still on the table: hanging on to the title Her Royal Highness. And for Charles? The Prince keeps his right to the throne and gets time with Camilla Parker Bowles. But he may have to float a loan for the princely Diana payout: he makes only $7.5 million a year...
Meanwhile, says Nicholas Gutierrez, a Miami lawyer, Cuban Americans are expected to sue ED & F Man, a British sugar-trading company; ING, a huge Dutch bank; and other members of a consortium that lent some $300 million to the Castro government in 1995. The loan collateral: sugar grown or milled on properties that allegedly belonged to Cubans who are now American citizens. A similar target: BAT, the giant British tobacco firm...
...near." Predicting that "a jury will judge me innocent," Symington said he had no intention of stepping down--even though he jump-started his own political career by urging Governor Evan Mecham to do so, when Mecham was indicted in 1988 (and later acquitted) for concealing a campaign loan...
Last week's federal indictment repeats many of the allegations made earlier by the pension funds' lawyer, Michael Manning, that there were "wild swings" in Symington's declarations of net worth, depending on whether he was trying to procure a loan or escape repaying it. At one point in 1991, according to the indictment, Symington listed his net worth at $4 million for one lender; six weeks later, he told another lender he was $4.1 million in debt. Symington's lawyer, John Dowd, calls these "unintended errors and omissions.'' To confuse the issue, Symington's wife Ann Olin Pritzlaff Symington...
Manning suggested that Symington ran for office because he was going broke. A novel promissory note signed in 1992 between Symington and Phoenix lender Jerome Hirsch drastically scaled down the money owed if Symington were to be President when the loan came due. The indictment's count of attempted extortion charges that in trying to soften repayment terms on the $10 million union loan, Symington as Governor threatened to cancel a lucrative Arizona State University lease...