Word: trader
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...Sentinel Financial Instruments, with perpetrating the largest criminal tax fraud in U.S. history. The defendants were alleged to have supplied investors with more than $130 million in bogus income tax deductions for the years 1979 and 1980. The previous record case: last September's indictment of Oil Trader Marc Rich and two of his associates for concealing more than $100 million in taxable income...
Charged were Michael Senft, 44, the firms' general partner, and Walter Orchard, 35, who had served both companies as chief tax trader. According to the 63-count indictment, Senft, Orchard and three other defendants provided their unwitting customers with tax write-offs without actually buying or selling any Government securities. Instead, the grand jury charged, the firms simply falsified documents to make it look as if trading had occurred, and then presented the phony records to their clients...
With 3.2 million shareholders, 2 million of them holding fewer than 100 shares, A T & T is the most widely owned stock in the world. But the mood concerning A T & T among both market experts and amateurs has been jittery. Said Robert Rubin, a partner and trader at Wall Street's Goldman Sachs: "Most institutions are just as confused as individual shareholders." Early last week, A T & T fell by more than a dollar in a single day on the basis of one analyst's speculation that the phone company's dividend might go down...
...have anyone to fall back on." Adas have become teachers, lawyers, ministers and one is a foreign correspondent for a news agency. Michele Lindsay, 30, spent four years in a backwoods student Vermont cabin without electricity or running water before en tering Smith. She is now a municipal-note trader at Morgan Guaranty Trust on Wall Street...
...Charrier's experiences with the Tunica treasure have not discouraged him from searching for other artifacts. Currently, the trader is investigating several paddle wheelers that sunk in the 1800s and are now in dry channels. During a recent telephone interview Charrier remarked. "I'm just polishing up one of my current discoveries right...