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Three Questions. The investigators who descended on the Hughes case were picking away like archaeologists at what now appear to be the ruins of Irving's story. Initially, there were three major questions: 1) What became of the $650,000 that McGraw-Hill thought that it was advancing to Howard Hughes for the book? 2) Did Clifford Irving ever meet with Howard Hughes? and 3) If they never met, then where did Irving get the material for the book...
...Edith exploded like a bombshell. Its concussion immediately threw all of Irving's past assertions into a new perspective and, at the least, severely damaged his credibility. Ackerman immediately withdrew from the Hughes case. "I think he needs a criminal lawyer in a situation like this," Ackerman said. McGraw-Hill and LIFE both indicated they would hold off publication of the Hughes material indefinitely...
...down to $450,000, which had been given to a second Zurich bank to invest in stocks. It is said that Irving is now frantically trying to raise $200,000 in order to replace the money that has been spent, should he be required to refund it to McGraw-Hill. The fact that the money remains in the Irvings' accounts is one of the best arguments against the theory that an impostor posing as Hughes duped Irving; presumably such an impostor would long since have absconded with the money...
...lawyer, Maurice Nessen, who has wide experience in criminal cases. Together, they spent the weekend-part of it in a northern Connecticut house-preparing their case. Early this week Irving was to appear before a New York County grand jury investigating possible charges of perjury and obtaining money (from McGraw-Hill) under false pretenses. Then Irving would have to face a federal grand jury looking into possible additional charges of mail fraud...
...According to an escape clause in its contract with McGraw-Hill, LIFE can retrieve all of its investment in the project. LIFE has thus far paid $100,000 of a total of $250,000 the contract called for. Harold McGraw Jr., president of McGraw-Hill Book Co., says his firm has invested something less than $800,000, counting the $650,000 that went into the Helga Hughes account...