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...year the Securities and Exchange Commission accused company officials of manipulating the stock and making misleading statements about proposed mergers. For a while, Parvin/ Dohrmann stock was suspended from trading. The SEC claimed that, at the behest of Company Chairman Delbert Coleman, Parvin/Dohrmann had paid Washington influence-peddler Nathan Voloshen $50,000 in a vain attempt to raise the ban. In February, Coleman resigned and trading was resumed. Parvin/ Dohrmann reported a profit of $10.2 million for last year, compared with a $618,000 loss in 1968. Its casinos made all of the money, but company officers said last week...

Author: /time Magazine | Title: Business: A Run of Bad Luck in Gambling Stocks | 4/20/1970 | See Source »

There was a time when they were familiar figures around official Washington; but neither Dr. Martin Sweig nor Attorney Nathan Voloshen has been seen around much lately. Sweig, administrative assistant to House Speaker John W. McCormack for 24 years, was suspended from his $36,000 job after he was linked with the shadowy, 71-year-old Voloshen in an investigation of high-level influence peddling. Voloshen went quietly underground...

Author: /time Magazine | Title: Nation: Indictments for Two | 1/26/1970 | See Source »

Special Favors. The charges stem from a seven-month investigation during which more than 100 witnesses were heard and a deposition taken from McCormack himself. Sweig and Voloshen are accused of improperly using the office, telephone, secretarial staff and good will of Speaker McCormack to secure fees, some as high as $50,000, from people with matters pending before various Government agencies. According to the indictments, Sweig and Voloshen used the power and prestige of McCormack's office to seek reduced sentences for convicted racketeers, to try to persuade the Securities and Exchange Commission to lift the suspension...

Author: /time Magazine | Title: Nation: Indictments for Two | 1/26/1970 | See Source »

Handed up earlier in the week by a federal grand jury, the Sweig-Voloshen indictments were a fitting climax to the nine-year career of U.S. Attorney Robert Morgenthau, who left office last week after objecting unsuccessfully to the Nixon Administration's attempt to relieve him of his job. Now the case may become a source of embarrassment to Morgenthau's successor, Republican Whitney North Seymour. Continuing investigations into Voloshen's actions in another matter could involve some prominent members of the G.O.P...

Author: /time Magazine | Title: Nation: Indictments for Two | 1/26/1970 | See Source »

Sarah McClendon, who represents a string of Texas newspapers, has made a career of battle-axing Washington politicians during press conferences. Last week she asked House Speaker John McCormack some especially blunt questions about his relationship with Nathan Voloshen, who used the Speaker's office to peddle considerable influence around Washington. As the meeting broke up, McCormack, 77, the Speaker for five years and a Congressman for 41 years, walked beside McClendon saying, almost plaintively: "I'm clean, Sarah. I've always been clean. You know that. I'm clean, Sarah...

Author: /time Magazine | Title: Nation: Speaker's Plaint | 11/7/1969 | See Source »

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