Word: looted
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...aircraft, boats and cars, and $20 million in real estate. Local police also seem to get a special kick from seeing cocaine merchants stripped of their fancy possessions. Fort Lauderdale, Fla., police department ended last year with a $2.5 million surplus thanks to its expropriated share of local dealers' loot. Some cocaine tycoons are prosperous enough to shrug off the loss of a swank beach house or a DC-3 (fitted out with extra fuel tanks for long intercontinental coke flights) as business overhead. Still, says DEA Agent William Schnepper: "It's what hurts them the most. Not only...
...loot was handed out last month in Key West at the offices of Treasure Salvors Inc., the outfit that found the hoard on the ocean bottom. Three years ago, the investors, ranging from a California brain surgeon to a Florida auto dealer, paid $20,000 for each of the 35 units in a unique tax-shelter limited partnership. The deal was the brainstorm of an ebullient New Jersey tax-shelter specialist, Jerry Burke, 50. The money entitled the investors-partners to 17.5% of anything recovered during 1980 from the Spanish galleon Santa Margarita. That ship and a sister ship...
...nation's top loot top were composed of seniors, leading "askins to expect the Wienet-Harvey i cant to dominate in next year's nationally with Dartmouth...
...pressure mounted on Kasten. The bankers' lobbying was assailed by editorialists from coast to coast. Dole indicted the bankers on national television for "using the big-lie technique. They've been telling people that we're going to loot their savings accounts, pick their pockets, take away their savings...
Little of the loot was insured, and much of it appeared difficult to trace. At week's end police were still trying to learn how much had been taken. Some of the wealthy victims were not in Marbella last week; others preferred to wait to talk to the police until after the mob of Spanish journalists who had swarmed to the resort had disappeared. In addition, some of the money that had been taken might have been what the Spanish refer to as "black money," undeclared income that its owners would just as soon not mention to the authorities...