Word: oilman
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...frauds seem to be popping up all over. Only a week after the announcement that Texas Oilman Algur Meadows owns 44 fakes (TIME, May 19), Manhattan District Attorney Frank Hogan disclosed the indictment of New York Dealer David Stein, 31, on 97 charges of counterfeiting and grand larceny. Stein may never have sold a painting to Meadows, but according to the D.A.'s office, he painted, signed and faked the papers for 33 Chagalls, seven Picassos, and one Matisse, unloading them on five other collectors and seven dealers for $165,800. Among those who bought from Stein were Colonel...
...name them, Meadows had them-Picasso, Matisse, Dufy, Derain, Modigliani, Bonnard, Degas, and on and on. For insurance purposes, they had been appraised by New York Art Expert Carroll Hogan at $1,362,750. On the market, works by such artists might fetch $3,000,000. But, confided Oilman Meadows to his admiring guests, they had cost him "closer to $400,000 than a million," and maybe as little...
Whether installing a pay phone in his 72-room Surrey mansion or waxing frugal in Playboy magazine, Oilman Jean Paul Getty has proved time and again that he is equally at home pinching a penny in his native U.S. or in his adopted Britain. Last week Getty, 74, was at it again-this time with some advice for British automobile owners anxious to get more miles for their money. "No cost-conscious motorist," said he, with his own inimitable perspective, "can ever afford to be without a chauffeur-even if he secretly plays the part himself...
Died. Ray Smith, 54, Dallas oilman and devoted sportsman, a railroad fireman's son who built a $75 million fortune by parlaying a two-pump gas station into a rich drilling and trucking operation-and then put fishermen everywhere in his debt with another natural resource, Panama's Pinas Bay, where, starting in 1963, he spent some $2,000,000 to turn an isolated patch of Pacific coastline into the handsome Club de Pesca de Panama, which, with its own amphibious plane service and a 15-boat fleet, opened the world's greatest marlin grounds to thousands...
...confidence). Reagan's newly appointed Regent Allan Grant first suggested the firing, which was formally moved by Laurence J. Kennedy Jr., a lawyer and one of the ten regents appointed by former Governor Pat Brown. When the vote was taken, anti-Kerr ballots included those of Reagan, Oilman Edwin Pauley, Mrs. Norman Chandler and Retailer Edward Carter, who had been chairman during the time of the riots. Among those supporting Kerr were Assembly Speaker Jesse Unruh and Industrialist Norton Simon...