Word: sec
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Dates: during 1970-1979
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Late in October 1972, testified Dean, Mitchell phoned with a request: he wanted him to get Casey to postpone until after Election Day the appearance before the SEC of several of Vesco's subpoenaed staffers. According to Dean, Mitchell claimed that the sessions, scheduled for Nov. 2, 1972, were "just a further example of harassment. It will be very embarrassing for these secretaries [of Vesco's] to take the Fifth Amendment, and the whole thing is just something we don't need before the election...
...Witness. On Feb. 28,1973, the day after the SEC made public Vesco's $200,000 contribution, Dean told the President, according to a tape, "We have a good strong case" that the money had been given legally. Indeed, the tapes show that Dean had joined with the President in paying a tribute to Stans that sounded like a parody of Gilbert and Sullivan...
When Dean stepped down, his place was taken by Brad Cook, a bald, serious-faced, ambitious man who looks older than his 36 years. As the general counsel of the SEC, Cook had been put in charge of the investigation of Vesco, a man he characterized in court as "somebody you wouldn't want to do business with." To Cook (Phillips/Exeter, Stanford, University of Nebraska Law School), Vesco was "a slimer...
...then Nixon's personal lawyer. Cook testified that while sitting in a rice field, he had used the occasion to hint very broadly to Stans that he would like to have the older man's backing when he tried to win the job of chairman of the SEC after Bill Casey's anticipated departure. At the same time, Cook said, he mentioned to Stans that as part of the investigation into Vesco's affairs, the SEC was trying to trace what had happened to $250,000 that seemed to have disappeared. Cook testified that he told...
...When the SEC drafted its charges against Vesco, the document noted that the financier had refused to say where the $250,000 had gone. According to Cook, Stans was worried about even this vague reference and implied that Cook should eliminate any mention of the sum from the final SEC complaint. Cook said that he complied with Stans' request. On Nov. 27, 1972, without referring to the $250,000, the SEC charged Vesco and a number of his associates with committing a $224 million stock fraud by illegally manipulating their foreign-based mutual funds...