Word: massa
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Dates: during 1980-1989
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...firm's senior vice president, Thomas R. Brimberry. Brimberry, 38, joined the firm in 1973 as an $8,000-a-year clerical worker. Five years later, he was promoted to senior vice president in charge of operations, a post he snared when his friend and lawyer, James Massa, bought controlling interest in the firm. The onetime clerk quickly became a high roller, building a home worth some $800,000 in a St. Louis suburb and making frequent gambling jaunts to the casinos of Nassau and Nevada...
Investigators believe that Brimberry's blue-chip life-style was financed with money looted from Stix's clients. Though no indictments have yet been handed up, an affidavit filed in federal court indicates that Brimberry told an Internal Revenue Service agent that he, Massa and Stix President Frederic A. Arnstein Jr. withdrew as much as $100,000 at a time from client accounts and funneled it into shadow accounts. Brimberry then reportedly forged records to cover the withdrawals, removed stock certificates from genuine accounts and forwarded them to banks to serve as collateral for further loans...