Word: vesco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Vesco's emissaries tenaciously tried a new approach. Herring went to Attorney W. Spencer Lee IV of Albany, Ga., and offered him a $10,000 retainer?in addition to a fee of $1 million?if he would set up a meeting with top White House Aide Hamilton Jordan, a school chum and tennis companion of Lee's. Vesco meanwhile told Herring and Dorminey that he would arrange for them to acquire $10 million worth of stock in a Panamanian company for $42,000, if they could get to somebody at the White House on his behalf...
...week later Hardin decided that he should tell Carter about the offer. During a five-minute meeting, Carter urged Hardin to report any future contacts with Vesco's emissaries to the Justice Department and scrawled a message to Attorney General Bell?the same note that surfaced last week. Then, so the White House says, the President pushed the matter from his mind. What happened to the note next is unclear. Bell says he never received it. Neither Lee nor any other Vesco representative ever called on Bell...
...spring of 1977, the Justice Department stepped up its efforts to return Vesco to the U.S. The department withdrew its request for his extradition and urged Costa Rica instead to expel him, hoping to nab him as he crossed the border. The strategy misfired. When Costa Rican President-elect Rodrigo Carazo threatened to cut off the financier's residence privileges, Vesco escaped to the Bahamas, where he now resides, safe from extradition...
There the Vesco case rested until earlier this year, when the Securities and Exchange Commission began delving into more of his complicated stock schemes. The probe led to Dorminey and Herring. The SEC also obtained unsigned copies of letters and telephone logs of purported contacts in early 1977 between Lee, Jordan and Carter Adviser Charles Kirbo...
Early in September, Syndicated Columnist Jack Anderson published a story hinting that the Justice Department's decision to stop trying to extradite Vesco was proof that his influence-buying scheme had succeeded. Anderson also obtained sworn statements from Herring's secretary, Geralynne Hobbs, that she had typed and mailed to Jordan and Kirbo several letters about Vesco's proposals...