Word: zaccaro
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Dates: during 1984-1984
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...clear that there is no illegal sleeze here. In fact, throughout the entire ordeal, illegal sleaziness was rarely, if ever, mentioned. But there is no denying that visions of such accusations were at least thought about. Legal sleaze, on the other hand, was suspected in some of Mr. Zaccaro's business affairs, in particular when he borrowed money from an estate as its executor. However, any possibility of guilt was neatly cleared away when a court order forced him to repay the money, and when he was removed as executor of the estate. The long-range result, however, was that...
Geraldine Ferraro and John Zaccaro are the victims of probably the largest invasion of privacy in history...
...incensed over the treatment of Ferraro and her husband. What John Zaccaro owns and how much money he makes are nobody's business. He is not running for public office...
...petty campaign blunders, the distracting debate over religious issues and the lingering doubts about his running mate's financial affairs. The House Ethics Committee announced that it would investigate whether Geraldine Ferraro, as a Congresswoman, had improperly claimed an exemption from disclosing the finances of her husband John Zaccaro. The committee had no choice politically except to proceed with a probe, once the conservative Washington Legal Foundation had formally challenged Ferraro's right to the exemption. Its investigation, which probably will not be completed before Congress adjourns Oct. 4, does not necessarily mean Ferraro did anything wrong...
When Ferraro and Zaccaro filed their last joint tax return in April 1979 (they have since filed separately), they substantially underestimated the profit on the building sale. They listed the original purchase price as $90,311, which was accurate enough ($87,750 plus $2,561 in closing costs). But they said the building was sold for $96,500, for a capital gain of only $6,189. This ignored the fact that Lerman had assumed her $62,300 mortgage. Accountants from Arthur Young & Co., recently hired by Ferraro to review her finances, discovered the omission almost at once. It meant that...