Word: vesco
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...Stans that he would like to have the older man's backing when he tried to win the job of chairman of the SEC after Bill Casey's anticipated departure. At the same time, Cook said, he mentioned to Stans that as part of the investigation into Vesco's affairs, the SEC was trying to trace what had happened to $250,000 that seemed to have disappeared. Cook testified that he told Stans that he understood Vesco may have given $50,000 to the Nixon re-election campaign...
...Cook told it, the reference to Vesco drew a defensive reaction from Stans. At the time, Vesco's $200,000 contribution had not yet been disclosed, but the financier's $50,000 gift to the campaign was a matter of public record. Even so, Stans told Cook that he did not think that "they" had taken any money from Vesco...
When the SEC drafted its charges against Vesco, the document noted that the financier had refused to say where the $250,000 had gone. According to Cook, Stans was worried about even this vague reference and implied that Cook should eliminate any mention of the sum from the final SEC complaint. Cook said that he complied with Stans' request. On Nov. 27, 1972, without referring to the $250,000, the SEC charged Vesco and a number of his associates with committing a $224 million stock fraud by illegally manipulating their foreign-based mutual funds...
According to Cook, Stans then said he had lied to the grand jury by saying that he had never discussed Vesco with Cook until after the SEC complaint was filed. Said Cook: "I looked at Mr. Stans, or actually I looked into my coffee cup, and I said, 'Well,' and I kind of hesitated, and he said, 'Well, Brad, that's the way it happened, and there is no sense in getting everybody embarrassed here. There was nothing done wrong here. The gift was a legal gift. Your suit was brought, and all it would...
...Lying Now." During his direct testimony, Cook acknowledged that he had lied about his relationship with Stans on the Vesco matter during two appearances before the grand jury and one before a congressional committee. But Cook said that he changed his mind as the investigations closed in. On May 7, 1973, Cook testified, he told Stans, "I'm going to tell it like it was." Then he went back to New York City to testify a third time before the grand jury. When the indictment was handed up on May 10, 1973, Stans was accused of inducing Cook...