Word: partner
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Dates: during 1980-1989
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...Already the mind contracts with diminished expectations! Non-Italian actors gesturing rambunctiously, speaking with cotton candy in their mouths, plotting elaborate revenge with dim-bulbed resources. Cast Peter Falk as Dino Capisco, a dapper ) don just sprung from Sing Sing. Give him a score to settle with his weaselly partner Carmine Tarantino (Michael V. Gazzo) and a slick, Rudolph Giuliani- style D.A. (Bob Gunton) with an eye to nailing Dino's hide on the front page. Saddle him with a dog-stealing wife (Brenda Vaccaro) and a devoted but ditsy mistress (Dianne Wiest). And do make sure his life finally...
Federal prosecutors were popping champagne corks in New York City as well last week. A Manhattan jury convicted five executives of Princeton/Newport Partners and a former trader for Drexel Burnham Lambert of 63 felony counts stemming from illegal stock-trading schemes. They were fined a total of $3.8 million. The case marked the first time the Racketeer Influenced and Corrupt Organizations Act has been used against Wall Street executives, and thus lays the groundwork for the Government's prosecution of junk-bond king Michael Milken, formerly of Drexel. Since Drexel was Princeton/Newport's main partner in the illegal trades, evidence...
...nearly two decades Princeton/Newport paid investors a 19% annual return by using computers to take advantage of small discrepancies between the prices of stocks and their associated warrants, which are the rights to buy stocks at a certain price. But then founding partner Jay Regan got greedy. According to the Government's case, the Princeton/Newport executives tried to manipulate the market, starting in mid-1984, through a technique called stock parking. They arranged to sell some securities at a loss and then repurchase them at the same or slightly higher prices. The party ended one wintry day in 1987, when...
...most damning -- and colorful -- evidence was on tape. In one casual exchange between Drexel's Bruce Newberg and Princeton/Newport partner Charles Zarzecki, the prosecution saw evidence that the co-defendants knew exactly what they were up to. Newberg teasingly calls Zarzecki "a sleaze bag." Zarzecki's retort: "You taught me, man." Replies Newberg: "Welcome to the world of being a sleaze...
...Bernard Boursicot, a French diplomat who for nearly two decades carried on an affair with a male Chinese spy he professed to believe was a woman. Boursicot even claimed to have thought he had fathered a child by his "mistress," and when confronted in court with evidence of his partner's true gender, refused to accept it. "I knew right away that this was for me," Hwang said. Where others saw in Boursicot's story one of the odd corners of human life, Hwang perceived in it -- or reinvented it to be -- a reflection of decades of megatrends, from...