June 3, 1988 |
Texas oil tycoon Nelson Bunker Hunt stuck to his story Thursday that he invested in silver because of unstable world political conditions--and not as part of a scheme to corner the market. In his third day on the witness stand, Hunt came under the scrutiny of plaintiff's attorney Mark Cymrot, but the one-time billionaire stubbornly held his ground.
March 1, 1985 |
Federal regulators Thursday charged controversial Texas millionaires Nelson Bunker Hunt and W. Herbert Hunt and four associates with having manipulated the silver futures market in 1979 and 1980 in a scheme that ultimately produced more than $1 billion in losses for the two Hunt brothers and threatened the stability of a major brokerage house. The administrative complaint by the Commodity Futures Trading Commission has been awaited for years since the Hunt's celebrated buying spree.
August 24, 1988 |
Federal regulators are preparing to resume proceedings accusing the Hunt brothers of Texas of manipulating the silver futures market now that the jury in a federal court case in New York has ruled that the brothers participated in a conspiracy to corner the silver market in 1979 and 1980.