Word: racketeered
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...third set was as exciting as it was long. At 11-all, Levin held three break points on Hoeveler's serve but failed to capitalize. Then at 12-all, deuce, Levin broke Hoeveler with two cross-court passing shots that the Indian star could not lay a racket on. The tall Californian survived several deuces on his own serve to win the set match...
...reasons are in the current issue of Philadelphia, one of the glossy, city-centered magazines that are now catching on across the U.S. (TIME, Dec. 24, 1965). Digging just as hard as Karafin, Philadelphia Writers Gaeton Fonzi and Greg Walter began by investigating a racket involving fly-by-night companies that bought retail items on credit, unloaded them fast at discount prices, and then went into bankruptcy. The trail led to the doorstep of a 600-lb. operator named Sylvan Scolnick. Arrested, prosecuted and convicted, Scolnick started singing. Karafin, said Scolnick, was a good friend, so good, in fact, that...
...type of operation that obviously needed investigation in the late 1950s was the home-repair racket. Fast-buck operators would talk a homeowner into making improvements such as installing a new heating system or aluminum siding. The owner signed a credit agreement. The work, usually cheap and shoddy, got done and the fast-buck men sold the credit agreement at a discount to a broker, commercial finance firm or a bank. If too many angry and defrauded homeowners threatened, the company simply folded. It was a business particularly vulnerable to bad publicity, and Karafin and Scolnick said...
...thinking, a Karafin story appeared in the Inquirer under an eight-column headline, warning Philadelphians that house-repair frauds were spreading. "High pressure salesmen" were preying on "unwary home owners." A spokesman for the Better Business Bureau was quoted as saying that "the only way to stop this racket is to expose it." Scolnick and Karafin again dropped around to see Py, found him convinced. Py wrote two checks, one for $3,000 and another for $2,000. Thereafter, Karafin stopped by Py's office every Monday morning for a regular retainer check. Over the next four years...
...company promises to "make tennis big business" in the manner, if not with the mania, of James Bond and Batman. In return for royalties, manufacturers will be licensed to stick "USLTA" and "Davis Cup Team" endorsements on everything from sweat socks to sunglasses. This newest type of tennis racket was proposed by Licensing Corp. President Allan Stone, 43, who won the skeptical USLTA over by arguing that 1) the U.S. Olympic Committee has endorsed Chap Stick and other items, and 2) the royalties should reach $250,000 within two years. Says USLTA President Robert J. Kelleher: "We never really knew...