Word: loreans
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...Lorean as a driven man who could not face the failure of his enterprise, a desperate man who had turned to the lucrative drug trade in a brazen attempt to save his crumbling company...
...Lorean's arrest last week was more than a self-inflicted personal tragedy. It inspired charges among the cynical that corporate greed knew no ethical bounds. It touched off a furious row in Britain's Parliament, where a formal inquiry was launched into how the government could have let itself be used by an American highflyer at such cost to its treasury. Protested Sir William Clark, chairman of the Conservative Party's backbench finance committee: "This is absolutely monstrous; it shows that to pump public money into businesses merely to create jobs can be disastrous...
...Lorean's disgrace was seen by federal law-enforcement officials as symptomatic of the pervasive lure of illegal drugs as a source of illicit riches. "This shows the incredible ability of drugs to corrupt," claimed one Justice Department official. "You're not surprised to find occasional corruption of a $40,000-a-year FBI agent," he added, "but you don't expect it to reach into the ranks of an $850,000-a-year auto executive. It makes you wonder how many other companies have been saved this...
...month federal investigation that resulted in the arrest of De Lorean and William Morgan Hetrick, 50, who was described by investigators as "one of the largest drug smugglers in Southern California," was cited as an example of the new spirit of cooperation among the often feuding federal agencies involved in stopping the drug traffic. In fact, it was one of the first interagency drug investigations since Attorney General William French Smith announced on Jan. 21 that the FBI would throw its resources fully into the antidrug fight. Before then the smaller Drug Enforcement Administration had carried the main burden...
...Lorean probe involved undercover agents of the FBI working closely with DEA officers, investigators from the U.S. Customs Service and with local police in Los Angeles and Ventura, Calif. Predicted Assistant FBI Director Roger Young after De Lorean's arrest: "This is only the tip of the iceberg as far as cooperation is concerned." Praising President Reagan's proposal two weeks ago to set up joint federal task forces throughout the nation to snare big drug suppliers, Young declared: "We've got the Commander in Chief saying, 'Go get 'em, guys.' No one can back down from cooperating...