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Markowitz faces a sentence of up to 16 years in prison and a $310,000 fine. In addition, he could owe as much as $4.5 million to the IRS. The Government has already moved to confiscate the racehorses, his Park Avenue apartment in New York City and his interest in the Washington Capitals...

Author: /time Magazine | Title: Bogus Shelters for the Stars | 5/6/1985 | See Source »

...says Mrs. Newman, "you were a tramp. But today nudity doesn't mean much." Still, it can bring a few "goodies," as Velez says, meaning the $100,000 and Toyota MR2 she will get this week for winning the nod as 1985 Playmate of the Year. "I obviously owe a lot to my grandmother," says the dutifully unclad descendant...

Author: /time Magazine | Title: People: Apr. 8, 1985 | 4/8/1985 | See Source »

...shot. It's only four years. It'd be fun, an honor.' People tell me I should run, and I wonder if I should listen." Then he brought himself up short. "A woman wrote me a letter and says, 'You'd probably get killed in office, but you owe it to the country.' I'd probably get killed? What the hell do you mean, I 'owe it to the country'? It would destroy me. I couldn't survive. I would shoot myself first. I don't want to be President. I'm not going to run. I couldn't take...

Author: /time Magazine | Title: A Spunky Tycoon Turned Superstar | 4/1/1985 | See Source »

...executive-suite colleagues. "Dealer meetings are particularly difficult," says Chrysler Public Affairs Vice President James Tolley. "We have to have security people to keep the dealers off him." Among Chrysler blue-collar employees, the admiration often seems more like a kind of fealty than mere employee loyalty. "I owe it all to Iacocca," says Sarah Haynes, a Chrysler assembly-line worker now back at work after a five-year layoff. "If the workers are saying he's great, it ain't no jive." One morning last November, 2,000 employees gathered at Chrysler's Sterling Heights, Mich., assembly plant...

Author: /time Magazine | Title: A Spunky Tycoon Turned Superstar | 4/1/1985 | See Source »

...claims ever against a family for a single tax year--grows out of $163.1 million that was transferred in 1980 by Bunker Hunt and his wife Caroline to their three children and two sons-in-law. The Government contends that the transfers were gifts and that the elder Hunts owe some $112 million in gift taxes. Family lawyers deny the charges, saying the transactions were loans and therefore not taxable...

Author: /time Magazine | Title: Troubled Hunts: Is there a silver lining? | 3/11/1985 | See Source »

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