Word: owner
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Dates: during 1980-1989
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...summer there had been few hints of trouble in paradise. Over the past five years, Rewald, 41, had persuaded some 400 investors, many of them Hawaiian plutocrats and VIPS, to pour $13 million into his flimflam firm. As recently as last June, he had been a local bigwig himself, owner of the Hawaii Polo Club and hobnobber with Governor and Mrs. George Ariyoshi. But in August an Oahu grand jury indicted him for theft; claims of nearly $8.4 million have been filed against him. Pronounced Bankruptcy Trustee Thomas Hayes: "The money is gone...
...covering the Australian, repeatedly pouncing on the wind shifts he needed to carry him ahead. After two shifts on the first leg, Conner declared, "God works on Tuesdays." Bertrand admitted his error in losing the start: "It was a mistake on my part. One mistake is all it takes." Owner Bond, crushed by the defeat and with his back to a 3-1 wall, reminded a press conference of the valiant way Australian troops fought at Gallipoli in World War I (and lost...
...Selden case is by no means unique. As computers proliferate, so, too, do public complaints. Buyers are angry about everything from improper installation and occasional malfunctions to system-wide failure. The victims range from a New Jersey warehouse owner, whose computer system muddled his inventory, to the state of Massachusetts, where 1,150 computers that were supposed to test auto emissions all malfunctioned on the same day because they had been programmed incorrectly...
When police recover a stolen auto or camera, they can attempt to find the owner through the item's serial number. But when authorities find filched gems, they know the owners have probably kissed their property goodbye. Most gems contain no traceable markings. Systems for registering diamonds by photography and other means have proved unreliable. Says Robert Doubet, vice president of Lazare Kaplan & Sons, a New York City diamond-cutting firm: "Once removed from its mounting, a diamond is as good as ownerless...
Stock lending involves giving control of the fund's stocks or bonds to a brokerage house, which may need them to manipulate the market for a certain issue. In return, the broker lends the fund's owner a sum of cash, which the owner invests and profits from while the broker uses the stocks. Because it involves almost no risk, no research, and no manpower, stock lending is the closest one can come to a sure thing in the fiduciary world...