Word: petersen
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...seven men arrested Tuesday night in a drug raid at the Cambridge Hyatt Regency Hotel on Memorial Drive were arraigned in East Cambridge District Court Wednesday on charges of illegal possession of cocaine, Lt. Edwin Petersen of the Cambridge Detective Bureau said yesterday...
...court released three of the men on $100,000 bail, Petersen added...
Though some of its oil competitors criticized Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged instances of overpricing oil and natural gas. This time Getty appears ready to go to court because executives are convinced they can prove to a judge that DOE is engaged in retroactive rule making...
...soul's empire is in ruins. After a New York dealer launched a suit against him, Straw suddenly filed for both personal and corporate bankruptcy. Against $1.7 million in assets, he listed a staggering $16.2 million in debts. He left at least 97 stunned creditors. Among them: the Petersen Galleries of Beverly Hills, whose claim of a $7 million loss was the single largest; art dealers in places as far-flung as San Francisco, Cincinnati and Signal Mountain, Tenn.; the Internal Revenue Service and Western Union Telegraph Co. Straw allegedly sold paintings that he did not own -and some...
...Straw's maneuvers, largely because other dealers, perhaps fearful of disclosing their losses, have not filed court actions. But what has emerged so far seems to point to a confidence game played in a market where thousands ride on a handshake and a reliable reputation. Says Robert Petersen of the Petersen Galleries: "I was told that Straw's father was famous and that Steven Straw knew all the important people. We looked on him as a key source...