Word: peruvian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last month a federal jury found that Bunker and Herbert, along with their brother Lamar, had conspired to corner the silver market in 1980. The court ordered them to pay a judgment of more than $130 million to a Peruvian mineral-marketing company that lost money in the debacle. The verdict could hurt the Hunts' chances in two class actions filed by 17,000 other silver investors. While appealing the judgment, the Hunts are required to post a $225 million bond, which might force them to hold a garage sale of some of their most prized belongings. The brothers hope...
...moment the archaeologists came upon the coffin in the 1,500-year-old tomb near the coastal Peruvian village of Sipan, they sensed they were on the verge of a historic find. Working with rubber air bulbs and artists' brushes, they gently cleaned away layer after layer of earth with painstaking precision, recording each with sketches and photographs. After they had labored for two months, their efforts began to pay off: slowly, breathtakingly, the gilded remains of a Moche warrior-priest began to emerge. The ancient form, surrounded by an array of what appeared to be family members and retainers...
Their contribution to later Andean civilizations, however, is believed to have been substantial, perhaps even comparable to the influence of the Egyptians on Mediterranean cultures. Moche experts ranked the Peruvian find with the discovery of King Tutankhamen's tomb in 1922. Said Anthropologist Christopher B. Donnan of the University of California, Los Angeles: "This is the richest tomb ever excavated in the Western Hemisphere...
...warrior-priest was named by Alva's team, was the culmination of a circuitous -- and bloody -- series of events. As is often the case in Peru, energetic and astute huaqueros, or grave robbers, were the first to uncover the riches of the burial ground. Alva was tipped off after Peruvian police raided a huaquero home early last year and confiscated 33 Moche objects, including a gold head with eyes of silver and pupils of lapis lazuli...
...suing the Hunts. On Saturday the brothers lost a civil case that could set an ominous precedent. A six-member federal jury in New York City found that the Hunts conspired to corner the silver market, and held them liable to pay $63 million in damages to Minpeco, a Peruvian mineral-marketing company that suffered heavy losses in the silver crash. Under federal antitrust law, the penalty is automatically tripled to $189 million, but after subtractions for previous settlements with Minpeco, the total value of the judgment against the Hunts is $134 million...