Word: solness
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Dates: during 1960-1969
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Compared with that, Charles Ponzi, Lowell Birrell, Eddie Gilbert and Billie Sol Estes were pikers. Only Ivar Kreuger, the Swedish match king who in the 1920s defrauded investors of $500 million, ever topped Tino. More than that, De Angelis presents the classic example of how a man can exploit a complicated situation and use the credulity of high financiers for tremendous gain...
Paper Mountain. To finance his rapid growth, Tino borrowed huge sums of money, using huge amounts of oil as collateral. But there was one hitch: he never had all that oil. What he did have was a mountain of paper-certificates attesting that he owned the oil. Although Billie Sol Estes at that very time was making headlines for having passed off similarly spurious paper for nonexistent ammonia tanks, the bankers and brokers never bothered to check up on De Angelis' tanks. Nor did they question De Angelis' warehouse receipts, because Tino had them signed by officials...
...violations against Kenya's territorial integrity and the fact that all individuals arrested had committed offenses under Kenya law," announced Kenyatta. "The Prime Minister of Uganda reiterated his personal regrets, as well as those of his government, and tendered an apology for this unfortunate incident." For several sol emn minutes he rubbed Obote's nose in the mess, then announced that both arms and men would be handed over-"in view of the sincere apology, assurances and explanations given by the Uganda Prime Minister." As for East Africa's Central Legislative Assembly, which had been suspended during...
...consumers-and most of them seemed ready to do so. Montgomery Ward and several other big stores said that they would make tax refunds on big appliances bought between now and July 1, even if Congress does not make the cuts retroactive. Said Chicago Discounter Sol Polk, who will go even further and cut prices immediately by the amount of the excise slash: "Business has been good. Now it can be really good...
...virtually no background in the field. A lawyer from North Carolina, Murphy has served in Government for 28 years in a wide range of jobs, notably as President Truman's special counsel from 1950 to 1953. During the Senate investigation of the financial shenanigans of Convicted Swindler Billie Sol Estes, Democrat Murphy, then Agriculture Secretary Orville Freeman's right-hand man, was roundly criticized by Republicans for showing favoritism to Estes, but he emerged from the scandal unscathed after Freeman vouched for his integrity...