Word: luxembourgers
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...Commissioner Philip Loomis called it "one of the largest securities frauds ever perpetrated." The scene of the dealings sweeps from New York to Luxembourg, the Bahamas, Puerto Rico and Costa Rica, and the characters in the story are a movie director's dream. Besides Vesco, who denies all charges, the 42 individual and corporate defendants include James Roosevelt-oldest son of the President who created the SEC-three lawyers from Wendell Willkie's old Wall Street firm and a gaggle of shadowy American, European and Latin financiers. Involved on the fringes of the case, though not named...
...long been common to reward big contributors with ambassadorships, despite their lack of diplomatic experience. Large donors who made it under Nixon include Kingdon Gould Jr., who gave $22,000 and became ambassador to Luxembourg; Guilford Dudley Jr., $51,000, Denmark; John P. Humes, $43,000, Austria; Vincent De-Roulet, $44,500, Jamaica. A big giver under President Eisenhower, Maxwell H. Gluck, was embarrassed at confirmation hearings for his ambassadorship to Ceylon when he could not name that nation's Prime Minister...
...Patricia Roberts Harris, 48, is also a true pro in a field dominated by men: a top Washington attorney who has served as U.S. Ambassador to Luxembourg as well as in several important political jobs, most recently as chairman of the embattled Credentials Committee at the Democratic National Convention. Invited to join many boards, she has accepted offers from IBM, Chase Manhattan Bank and Scott Paper. "I'm not nearly so vocal on these boards as I am in politics, education or legal matters because I am still learning the business," says Mrs. Harris. "As I learn...
...black attorney from Washington, D.C., she heads the Credentials Committee, a ticklish assignment in view of the 1,000-odd challenges mounted. Mrs. Harris, 48, was initially opposed by party reformers who contended that she was too close to the old guard (she was L.B.J.'s Ambassador to Luxembourg). Georgia's Julian Bond called her appointment a "cynical trick"; he thinks that O'Brien figured "politicians like myself will be reluctant to oppose Mrs. Harris because she is a woman, because we don't want to be called chauvinist pigs, because she is black...
...nonetheless held together. Following the shock of Britain's decision to set the pound afloat and thus allow traders to buy and sell sterling for any price that the market might bring, the Finance Ministers of London's prospective Common Market partners hustled into emergency session in Luxembourg. Struggling down disagreements, they made some decisions that calmed matters...