Word: stix
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...cooks, however, the broth is delicious. From the opening, on- your-toes Harlem Scat, through the kick-up-your-heels flapper dance of The Hairdo Hop, past the wild jungle dance of Stix, round the sultry, smoky bend of A Blues for Two Women and back home to Harlem for the finale, Queenie Pie is unmistakably the work of the grand Duke. In the pit, the Duke Ellington Orchestra steps through the score's uptown opulence with high style, trumpets growling and keyboards swinging, while onstage, members of Director-Choreograp her Garth Fagan's Bucket Dance Theater juke and okeydoke...
Safe-deposit box No. 4411 at Boatmen's National Bank of St. Louis was supposed to hold stock certificates as gilt-edged collateral for ten of the largest margin accounts at Stix & Co., a prestigious St. Louis brokerage house. While investigators from the Securities and Exchange Commission looked on, a bank official and an officer of Stix turned matching keys in time-honored fashion. But when the box was removed, it contained a pouch filled with back issues of the Wall Street Journal. Securities worth some $36 million were missing...
...next day, the SEC charged Stix & Co. with securities-law violations. With $36 million unaccounted for, the 69-year-old firm suddenly had a negative net worth of $14 million, and four days after the SEC'S accusation, a federal district judge declared the firm insolvent...
...scandal at Stix began with a routine IRS audit of the firm's senior vice president, Thomas R. Brimberry. Brimberry, 38, joined the firm in 1973 as an $8,000-a-year clerical worker. Five years later, he was promoted to senior vice president in charge of operations, a post he snared when his friend and lawyer, James Massa, bought controlling interest in the firm. The onetime clerk quickly became a high roller, building a home worth some $800,000 in a St. Louis suburb and making frequent gambling jaunts to the casinos of Nassau and Nevada...
Investigators believe that Brimberry's blue-chip life-style was financed with money looted from Stix's clients. Though no indictments have yet been handed up, an affidavit filed in federal court indicates that Brimberry told an Internal Revenue Service agent that he, Massa and Stix President Frederic A. Arnstein Jr. withdrew as much as $100,000 at a time from client accounts and funneled it into shadow accounts. Brimberry then reportedly forged records to cover the withdrawals, removed stock certificates from genuine accounts and forwarded them to banks to serve as collateral for further loans...