Word: scandalizer
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Dates: during 1960-1969
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Missing Oil. The number of people and companies caught up in the commodity scandal seemed to grow almost daily. Four major New York banks Chase Manhattan, First National City, Manufacturers Hanover Trust, Morgan Guaranty-and 14 other banks are stuck with more than $24 million in bad loans to Haupt, have agreed not to try to collect until customers who lost their stock because Haupt used it to get loans are paid off. Haupt's bankrupt commodity customer, Allied Crude Vegetable Oil Refining Corp., wove such a web of tangled credit deals (offering as collateral for loans stocks...
Died. Richard Alfred Mack, 54, former Federal Communications Commissioner, who was forced to resign in 1958 over a scandal involving the FCC award of Miami's Channel 10 to National Airlines (Senate investigators charged that he had taken "loans" from National's lawyer), after which his longtime alcoholism reached the point where he was unable to stand trial for fraud, lived his last years in and out of hospitals and on handouts; in Miami, where police found his body in a Skid Row room five to eight days after death, presumably of cirrhosis of the liver...
After newspaper articles last month broke the news of Harvard's "sex scandal," Vellucci asked the City Council to authorize an investigation. Last Monday, the Council received Brennan's 150- word summary of the findings and filed it without discussion...
...Without a doubt the least excited readers of the goings-on in the "Harvard Sex Scandal" [Nov. 8] that the various tabloids have been immortalizing lately are to be found at Harvard itself. We could have put the gentlemen of the press well at ease and saved them their vain searches these last few weekends through the cellars of Cambridge for further evidence of the promiscuity that they hoped was to be found. To those of us who do not always have the time or inclination to go elsewhere for our bacchanalian weekends, the only alternative might be thought...
...commodity ventures, get so deeply in debt to them. Another puzzle was the mysterious disappearance from New Jersey storage tanks of $15 million worth of soybean oil that Bunge Corp., an Argentine-controlled oil exporter, had taken as collateral for a loan to DeAngelis. There were indications that the scandal might spread beyond its present scope. At week's end a third brokerage house, D. R. Comenzo & Co., was suspended from the New York Produce Exchange; it had lent Allied $5,000,000, using as collateral warehouse receipts whose validity was now in question. From now on, other brokerage...