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Almost immediately, the market began to plunge, and Tsai's portfolios did worse than more conservative funds. He took a drubbing on such unfortunate investments as National Student Marketing, Parvin-Dohrmann and Four Seasons Nursing Centers of America, Inc. Anyone who bought 100 shares of Manhattan Fund for $1,000 at its 1966 offering would have been left with about half that last week, not counting dividends. Tsai was to some extent merely unlucky, but he was also unwise to use his freewheeling investment strategies in the uncertain market of the past few years...

Author: /time Magazine | Title: MUTUAL FUNDS: Tsai Steps Down | 2/12/1973 | See Source »

...minute House speech, Ford reviewed Douglas' nine-year association with the Albert Parvin Foundation, which aids students from underdeveloped countries but had links to Las Vegas gamblers. Though Douglas resigned from the foundation last year and has denied any knowledge of underworld connections. Ford charged that he had improperly given Parvin legal advice while on the court. Ford mentioned Parvin links to Bobby Baker, thus implying the same for Douglas. He scored the Justice's affiliation with the "leftish" Center for the Study of Democratic Institutions. He also expressed outrage at the most recent of Douglas...

Author: /time Magazine | Title: Nation: Impeach Douglas? | 4/27/1970 | See Source »

...Fremont and the Stardust, has seen its stock drop from a 1969 high of 141½-a share to last week's 28⅜. Last year the Securities and Exchange Commission accused company officials of manipulating the stock and making misleading statements about proposed mergers. For a while, Parvin/ Dohrmann stock was suspended from trading. The SEC claimed that, at the behest of Company Chairman Delbert Coleman, Parvin/Dohrmann had paid Washington influence-peddler Nathan Voloshen $50,000 in a vain attempt to raise the ban. In February, Coleman resigned and trading was resumed. Parvin/ Dohrmann reported a profit...

Author: /time Magazine | Title: Business: A Run of Bad Luck in Gambling Stocks | 4/20/1970 | See Source »

...fighting judicial impropriety." His favorite tactic is to move that a judge disqualify himself from a case because of alleged bias. During a 1966 suit calling for reapportionment of city-council electoral districts, Skolnick discovered that Federal Judge William J. Campbell had once been a director of the Albert Parvin Foundation. He charged that the foundation had ties with Chicago gamblers and political bosses.* Whatever the truth of the accusation, Campbell named two prominent lawyers to hear the evidence for him. As a result of their report, he ordered the district boundaries redrawn by November...

Author: /time Magazine | Title: Judges: Skolnick's Guerrilla War | 8/29/1969 | See Source »

...Black, however, have thus far refused to go along. Though Douglas has resigned from his $12,000-a-year presidency of the Parvin Foundation, his lec ture agent reported that he has not stopped booking speaking engagements...

Author: /time Magazine | Title: The Law: A Code for Judges | 6/20/1969 | See Source »

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