Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Vesco early in 1971 also gained control of International Overseas Services, the mutual-fund complex founded by Bernard Cornfeld that marketed its shares mostly to middle-income Europeans. In one of the largest security-fraud suits ever brought by the SEC, Vesco and his associates were charged last Nov. 27 with selling off $224 million worth of I.O.S.-held stocks-causing grave losses to investors-and salting the money away in banks and dummy companies that the accused controlled. Last week's indictments specify the following...
...Harry Sears first went to Mitchell for help in impeding the SEC investigation. Sears approached Mitchell again in January 1972 to ask the Attorney General to arrange a meeting for him with SEC Chairman William Casey to discuss the case. On March 8, 1972 Vesco met with Stans and offered to donate as much as $500,000 to the Committee for the Re-Election of the President if Stans and Mitchell would help in restraining the SEC. Stans requested that Vesco make a $250,000 contribution-in cash...
...safe (the same safe from which $235,000 was later disbursed to G. Gordon Liddy, a convicted Watergate wiretapper). Vesco also gave $50,000 by check, which was publicly reported. Later that very day, Mitchell arranged a meeting for Sears with Casey and G. Bradford Cook, who was then SEC general counsel and recently succeeded Casey as the commission's chairman. The express purpose was to discuss the commission's investigation of Vesco's company. Stans never reported the $200,000 donation to the General Accounting Office as he was required to do under...
Indeed the indictments charge that Stans took great pains to cover up the contribution. In the course of its investigations of Vesco the SEC began looking into why he had made the big withdrawal from the Bahamian bank. Stans went to Cook and persuaded him to delete from the draft of the SEC complaint against Vesco any reference to the money-and how it was used to help the Republican election campaign...
...keep such devastation from increasing, Army Corps of Engineers flood-control experts have opened three Louisiana spillways since April 8, diverting more than 800,000 cu. ft. of water per sec. But the engineers say that the danger of flooding in the lower valley is certainly not over, nor will it be for at least another six weeks...