Word: sec
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Dates: during 1980-1989
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...investigative reporter for a Los Angeles daily, Irwin Fletcher (Chevy Chase) presents himself to various sources as G. Gordon Liddy, Harry S. Truman, Igor Stravinsky, Don Corleone and Arnold Babar (as in the elephant). He also makes up a few monikers: Mr. Poon from the SEC, for example, and John Coctosea ("it's Scotch-Rumanian"). Sometimes he does not bother with name-dropping; he just gets a false beard or teeth from the novelty store and skips blithely into and out of trouble...
...helicopter cabin, Lieut. Frank Powell, chief of Philadelphia's bomb- disposal unit, hefted a canvas satchel holding two 1-lb. tubes filled with a water-based gel explosive. After lighting its 45-sec. fuse, Powell leaned out of the helicopter bay and dropped the device on the roof. His target: a fortified, bunker-like cubicle about 6 ft. square and 8 ft. high...
...along with some 100 other spirits. To woo the yuppie sweet tooth, many distillers are marketing unusual-flavor drinks much lower than liquor in alcohol content. Bailey's Original Irish Cream Liqueur (whiskey, chocolate and cream) and Hublein's Long Island Iced Tea (vodka, gin, tequila, rum and triple sec) are successful examples...
Defense Lawyer Robert B. Fiske Jr. argued that the letters on Thayer's behalf showed that his criminal conduct was "an aberration." From September 1981 to September 1982, according to the SEC complaint, Thayer passed information that made $1.9 million in illegal profits for a close-knit circle of Thayer's and Harris' friends. Though Thayer did not pocket any profits from the tips he handed out, one who did benefit was Sandra Ryno, 39, a former LTV receptionist with whom Thayer had a "private personal relationship." Ryno agreed to cooperate with the Government's investigation and was given immunity...
...before their appearance in federal court, Thayer and Harris, along with a Texas banker, Gayle Schroder, agreed to pay more than $1 million to settle the SEC suit against them--one of the largest settlements in the commission's history. Thayer paid $555,000 of the total, roughly equal to the illegal gains of his friends. "He has made more than full restitution," said Fiske. Although the SEC failed to get Thayer and the others to pay back profits made by more remote beneficiaries who might have got secondhand tips from the inner circle, securities experts say that the case...