Word: loreans
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...jury acquits De Lorean, criticizing his prosecutors instead
...Dallas. But the moment of melodrama at the federal courthouse in Los Angeles last week would have strained credulity on any prime-tune soap opera. Twenty-two months after he was arrested, and five months after his sensationally publicized trial began, renegade Auto Manufacturer John Zachary De Lorean, 59, his hands clasped in front of him as he leaned back in a beige swivel chair, heard a jury of six men and six women declare him not guilty of conspiring to possess and distribute cocaine. "Praise the Lord," proclaimed the born-again defendant...
...first the project seemed to herald Northern Ireland's economic revitalization. In 1978 the British government agreed to help finance John Z. De Lorean's West Belfast car factory, which eventually provided 2,600 jobs at a time when 35% of the city's male workers were unemployed. But after four years the company went bankrupt, and De Lorean was later arrested on charges of trafficking in cocaine. Last week a British parliamentary committee issued a scathing 328-page report that attacks his misappropriation of public funds...
...Lorean's company received about $100 million in British taxpayers' money, but wasted much of it, according to the report. De Lorean paid himself and top officials annual salaries of more than $300,000, and diverted $17 million earmarked for design development into a Swiss bank account and the purchase of a U.S. ski-equipment company. Moreover, President Eugene Cafeiro still drew his $375,000 salary after leaving the company. The report urges the British government to review carefully future joint ventures...
...trial of Automaker John Z. De Lorean on cocaine-trafficking charges was nearly short-circuited last week by eight white envelopes. Six jurors and two alternates in the ten-week-old trial acknowledged that they had received unsolicited copies of a House report that was highly critical of the kind of FBI "sting" operation that snared De Lorean. The material came from the office of California Congressman Don Edwards, chairman of the subcommittee that prepared the study. Edwards said the copies were posted in response to what seemed a routine request from a San Francisco letter writer to forward...