Word: preston
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...investigation of Tucker Corp., auditors appointed under the reorganization proceedings last week estimated the loss to investors at $18 million. For $25 million collected from the sale of stock, dealer franchises and auto accessories, the auditors could find assets of only $7 million-just half the amount listed by Preston Tucker and company directors when they petitioned the court for trusteeship last March. Where the $18 million had gone was a mystery. The auditors held that a "further investigation" was needed because "certain expenditures [were] of such an extraordinary type and amount...
...Georgia and Alabama, his agents scoured the wool-hat country, quizzing suspects and witnesses in the latest outbreak of the South's hooded raiders. In Chicago, other agents dug into the murder of two bank messengers and plugged away at the Government's fraud case against Automaker Preston Tucker (TIME, June 20). The FBI was also relentlessly at work on a backlog of continuing cases, including the nation's only two unsolved-and long-forgotten-kidnapings.* They were seeking 1,367 fugitives and 2,462 armed-forces deserters as well...
After reading the article on Carl Strandlund and the Lustron home [TIME, July 4], I would say that Preston Tucker hadn't used his head in financing his auto company. Tucker apparently squandered about $28 million belonging to various private individuals and he has the Government and half the newspapers and magazines in the country on his neck. Carl Strandlund "has spent" $32.5 million in a period of about two years, apparently needs $3,000,000 more, is all set to spend another $1,000,000 a month...
...large garage behind his comfortable 32-room Italian Renaissance home, he maintains the offices of the Harold Lloyd Corp. There President Lloyd and 15 employees take care of scattered real-estate holdings and handle an occasional movie. The last thing he acted in was Preston Sturges' The Sin of Harold Diddlebock. Howard Hughes, who bought it, is still cutting...
Ager, John Winfrid, Jr. '49, Ames, Charles Oakes '48 ocC, Bramhall, Robert Richard '49, Bullard, Frederic Keil, Jr. '46 ocC (Captain), Combs, Preston Craig '50, Frey, John Marshall '50, Gordon, David James '51, Hatton, Richard Davis '49, Higgins, Linnaces Boyd '49, Hughes, Hillard Withers, Jr. '50, Key, David McKendree, Jr. '49, Reese, James Mitchell, Jr. '51, Robb, James Hampden, Jr. '50, Swartzman, Howard Lynn '47 ocC, Toblas, Paul Henry '51, Zinsser, Thomas Wood '50, Laud, Skiddy Marden '51 (Manager...