Word: parise
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Dates: during 1990-1999
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Despite Lefevre's efforts, Chaumet lost about $24 million in 1992. Early the next year, Investcorp held a board meeting in Paris, and Lefevre was invited to meet the directors. In view of the losses, Lefevre was bracing himself for criticism--or at least some tough questions. Instead, he recalls...
Another little-noticed case involves even more serious charges. The complaint, filed in Manhattan federal court, accuses Investcorp and five of its board members, as well as other defendants, of fraud and extortion. According to the complaint, the defendants tried to loot the Saudi European Bank, an Arab-owned institution...
Whatever the merits of the complaint, it highlights the intriguing background of a key Investcorp insider: Abdullah Taha Bakhsh, a Saudi tycoon who has served on Investcorp's board since the bank was founded and who helped persuade other rich Saudis to invest. (Like Investcorp, Bakhsh filed a motion to...
Gurwin's collaborator on the Investcorp story is himself a master at unraveling tangled business dealings. Zagorin, a 17-year TIME veteran, has reported from Wall Street, the Middle East, Brussels and Paris, where he served as European economic correspondent. Among his assignments was the very B.C.C.I. scandal that Gurwin...
She is both Victor (the man-impersonating-a-woman whose racy nightclub act has made him/her the toast of '30s Paris) and Victoria (the down-on-her-luck English opera singer who, desperate for work, agrees to become a woman-impersonating-a-man-impersonating-a-woman whose racy nightclub act...