June 1, 1989 |
Paul A. Bilzerian, on trial for alleged securities and tax fraud, denied Wednesday that he had false invoices drawn up to hide an illicit trading arrangement with the Los Angeles-based brokerage firm Jefferies & Co. The Singer Co. chairman's testimony came as his defense lawyers struggled to formulate a new strategy in the face of an adverse ruling Tuesday by U.S. District Judge Robert J. Ward. The judge had ruled that if Bilzerian testifies he acted in good faith, believing that he was within the law when he filed allegedly false documents with the Securities and Exchange Commission in 1985 and 1986, then he would give up his right to keep confidential the advice he had received at the time from his own lawyers.
May 20, 1988 |
Flamboyant financier Paul A. Bilzerian, now chairman of Singer Co., is the target of major Securities and Exchange Commission and federal grand jury investigations for possibly violating a litany of securities laws, a published report said Thursday.
January 6, 1989 |
Takeover speculator and Singer Co. Chairman Paul A. Bilzerian, indicted last month on 12 counts of fraud, pleaded not guilty Thursday and said that he hopes to clear his name and resume hunting for companies to buy. "My role going forward was to have been, and should still be, to look for further acquisitions," Bilzerian told reporters.
December 21, 1988 |
Stock speculator Paul A. Bilzerian was indicted today by a federal grand jury in Manhattan on 12 counts of securities and tax fraud, conspiracy and making false statements to the government. The indictment, announced by the U.S. attorney's office, involves Bilzerian's alleged illegal cover-up of details of four multimillion-dollar investments in 1985 and 1986. Bilzerian is also head of the defense company Singer Co., which he took over in January.
September 27, 1989 |
Former Singer Co. Chairman Paul A. Bilzerian was sentenced today to four years in prison and fined $1.5 million for federal securities and tax law violations related to three takeover attempts and a stock deal. The sentence for Bilzerian, 39, a one-time corporate raider who made a stunning raid on Singer, was the largest handed down in the government's three-year crackdown on Wall Street crime. U.S. District Judge Robert L.
May 31, 1989 |
Singer Co. Chairman Paul A. Bilzerian took the witness stand Tuesday for the first time in his criminal securities fraud trial, but his testimony was interrupted by a legal dispute that could allow prosecutors to call the former corporate raider's own lawyers as witnesses. Bilzerian's main defense is that he didn't have criminal intent when he arranged with the Los Angeles brokerage firm Jefferies & Co. to secretly buy and hold blocks of stock for him in four companies that were takeover targets in 1985 and 1986.