Word: vesco
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...Fugitives Hall of Fame, Robert Vesco ranks as the most enterprising. The New Jersey financier fled the U.S. in 1972 after being indicted on charges that he looted $224 million from the Geneva-based Investors Overseas Services Ltd., and illegally donated $200,000 to Richard Nixon's re-election campaign. Since then Vesco has lolled in exile in the Caribbean, apparently in the Bahamas, safe from extradition efforts. He found himself in the headlines again last week: for the past four years, according to a report aired on NBC Nightly News, Robert Vesco has been directing a booming drug...
...report said U.S. investigators believe that Vesco's operatives set up business at Norman's Cay. Vesco allegedly paid about $100,000 a month to Bahamian officials, including the Prime Minister, Sir Lynden Pindling...
...years the FBI has pursued Vesco, lately investigating his possible links with drug smuggling in the Caribbean, but no indictments have been sought. The probe once stalled when the FBI wanted to set up a sting operation to catch Bahamian officials taking bribes. The CIA station chief in the Bahamas and U.S. Ambassador Lev Dobriansky opposed the plan, and it was scuttled, for fear that any such investigation might jeopardize negotiations with Pindling's government over the continued use of a U.S. submarine-testing base there...
...before he came to the Reagan White House was a long journey in and out of the revolving doors of government and "consulting"--a murky profession in which his sole responsibility seems to have been the use of his government contacts. The shabbiest of Allen's clients was Robert Vesco, the convicted swindler and professional refugee, who paid Allen $10,000 a month to do whatever it is a government consultant does. A Japanese automobile company also paid Allen a substantial sum to cultivate its interests in the government-consulting netherworld. All of these activities, however distasteful they might...
...seven children. But he provoked some bitter criticism for using his Government contacts to advance his private interests. One charge is that he passed along inside information to a Japanese businessman with the aim of developing lucrative contracts for himself. He received some $60,000 from fugitive Financier Robert Vesco as a "verbal consultant." Allen also introduced Vesco's attorney to William Casey, then Securities and Exchange Commission chairman, at a time when Vesco was under investigation by that agency. Allen claims, not too persuasively, that he was unaware of the probe when he was working for Vesco. Most...