Word: lynch
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BLUE VELVET Political and sexual corruption in Your Town, U.S.A. David Lynch's | luscious sick joke is a nightmare that refuses to explain itself, or to be forgotten...
...merger approaches its conclusion, were left holding huge volumes of so-called deal stocks when the Boesky scandal broke. Those shares took a sharp plunge last week as investors rushed to dump them, leaving the "arbs" with collective losses of $1 billion or more. The arbitrage department at Merrill Lynch, for example, is estimated by competitors to have dropped $20 million to $50 million. "It has been a brutal time for all of us," declared one trader...
...details continue to leak out about the way the insider-trading ring was discovered, starting with the exposure of Levine. The investment banker's covert role began to surface as far back as May 1985, when an anonymous letter from Caracas to the giant Merrill Lynch investment house alleged trading irregularities on the part of two of the company's employees in Venezuela, both of whom have since left the firm. In tracking down the accusation, Merrill Lynch authorities discovered that their employees' actions mirrored trades ordered through an account at the Bahamas branch of Switzerland's Bank Leu International...
...role may also have been uncovered as early as the end of last August. If that is true, the ten-week hiatus between then and the Nov. 14 revelations would mark a truly substantial period of clandestine cooperation between the speculator, the SEC enforcement unit commanded by Gary Lynch, and the Manhattan branch of the U.S. Attorney's office headed by Rudolph Giuliani. The aggressive Giuliani, who has overseen the criminal side of the investigation since Levine was snared, may eventually become almost as renowned for chasing insider traders as for bringing Mafia bosses to justice...
...Reagan's increasingly visible and often imperious chief of staff. More than ever Donald Regan, 67, seems to be out front these days, projecting an aura that at times makes him seem both commanding and condescending. With a self-confidence burnished by nine years as the chief of Merrill Lynch, he has set up a hierarchical structure that puts him alone atop the upward flow of information. Combined with Reagan's inclination to rely on his staff to sort out options, Regan's management style has earned him a reputation as the most powerful presidential adviser since Sherman Adams...