Word: schemed
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Dates: during 1950-1959
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...total picture which emerged from the welter of uncomplimentary testimony was that privately endowed, tax-exempt foundations use their educational and humanitarian activities as a cloak for a vast scheme to undermine American life...
...bills. As he announced an eight-count indictment against Schlesinger, Manhattan District Attorney Frank Hogan charged that Schlesinger had used his mother's name and the reputation of his employers, the investment banking firm of Glore, Forgan & Co., to swindle three prominent businessmen in an oil scheme. The victims: brothers Richard and John Herzfeld, who were part owners of Milwaukee's Boston Store until it sold out to the Federated Department Stores chain (TIME, Dec. 20, 1948), and Robert P. McCulloch. former Milwaukeean who is now president of McCulloch Motors, which grosses $40 million a year making power...
...Business. Schlesinger, whose job was to drum up new business for Glore, Forgan, first presented his scheme to Raymond Newman, a financial adviser for the Herzfeld brothers and McCulloch. during a visit to Milwaukee to see his father (his mother renounced all claims to the custody of her son when she divorced his father in 1920, and a trust of upwards of $300,000 was set up and later turned over to the lad). Schlesinger said that his mother had put $500,000 in a "hush-hush" Louisiana oilfield. As recounted in the indictment, he said that "Mrs. Harrison Williams...
...there are some very uncertain aspects to this scheme. The most important is whether a teaching fellow or an instructor would be willing to pay the 100-plus dollars a month rent for a one-bedroom apartment. While plans for the building have not yet been drawn, architects say it is impossible to build decent new housing which would rent for any less in this area. Yet this figure represents over a third of an instructor's salary. Were such a project built, the insurance company would probably find the University options unfilled and the rooms occupied...
...doctorate in 1939, and the U.S. Government soon called him to Washington, for the summer of 1941, as a Senior Research Analyst in the State Department. "I was writing little digests which they evidently liked," Reischauer explains. "Also, with another young fellow, I drew up a grand scheme for avoiding the war, but someone pigeon-holed it somewhere...