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Jack Z Rabinowitz

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BUSINESS
November 7, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
In a case that caused a storm of controversy over the use of the harsh federal racketeering law in white-collar crime cases, a federal judge Monday imposed brief prison sentences on five former officials of Princeton/Newport Limited Partners and a former trader for Drexel Burnham Lambert Inc.
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BUSINESS
November 7, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
In a case that caused a storm of controversy over the use of the harsh federal racketeering law in white-collar crime cases, a federal judge Monday imposed brief prison sentences on five former officials of Princeton/Newport Limited Partners and a former trader for Drexel Burnham Lambert Inc.
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BUSINESS
August 1, 1989 | SCOT J. PALTROW, Times Staff Writer
A jury convicted the six defendants in the Princeton/Newport Limited Partners securities fraud trial on nearly all counts, giving federal prosecutors a decisive victory in their drive to apply the criminal racketeering statute to the securities industry. Five senior officials of the small securities trading partnership and a former Drexel Burnham Lambert Inc. trader were convicted in U.S. District Court in Manhattan following a monthlong trial. The jury had deliberated for just over two days.
BUSINESS
August 1, 1989 | SCOT J. PALTROW, Times Staff Writer
A jury convicted the six defendants in the Princeton/Newport Limited Partners securities fraud trial on nearly all counts, giving federal prosecutors a decisive victory in their drive to apply the criminal racketeering statute to the securities industry. Five senior officials of the small securities trading partnership and a former Drexel Burnham Lambert Inc. trader were convicted in U.S. District Court in Manhattan following a monthlong trial. The jury had deliberated for just over two days.
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
BUSINESS
January 20, 1989 | SCOT J. PALTROW, Times Staff Writer
Federal prosecutors filed a new racketeering indictment in the Princeton/Newport Partners securities fraud case, increasing the number of felony counts to 68 from 35 and adding charges that the firm's top executives engaged in illegal trading through the U.S. unit of a British investment house. The five officials of Princeton/Newport, a small securities firm with offices in Princeton, N.J., and Newport Beach, were first indicted in August.
BUSINESS
September 13, 1989 | From Associated Press
The six defendants convicted of unlawful securities trading in the Princeton-Newport Partners LP case have asked a federal judge to overturn the verdict on the grounds that the trading was legal. In a memorandum filed Monday with U.S. District Judge Robert L. Carter, attorneys for the defendants also argued that the racketeering statute they were convicted under is "unconstitutionally vague." Five former partners in the defunct investment firm and a former Drexel Burnham Lambert Inc.
BUSINESS
August 12, 1988 | SCOT J. PALTROW, Times Staff Writer
Five officials of Princeton/Newport Partners and a former bond trader with Drexel Burnham Lambert pleaded not guilty Thursday in Manhattan to federal racketeering charges. Lawyers for the officials of Princeton/Newport, an investment partnership, used the occasion of the officials' arraignment to issue a harsh denunciation of federal prosecutors. Since the five were indicted Aug.
BUSINESS
June 21, 1989 | SCOT J. PALTROW, Times Staff Writer
Opening arguments began Tuesday in the federal racketeering and fraud trial of five officials of the now-defunct securities firm Princeton/Newport Partners L.P. and a former Drexel Burnham Lambert trader. The six are accused of making phony securities trades to generate more than $13 million in false tax losses for Princeton/Newport from 1984 through 1986. They also are accused of illegally manipulating the market price of stock in COMB Co. The trial, which is expected to last more than two months, may give the first glimpse of some of the government's evidence against former Drexel "junk bond" chief Michael Milken, who is awaiting trial on racketeering and securities fraud charges.
BUSINESS
June 21, 1989 | SCOT J. PALTROW, Times Staff Writer
Opening arguments began Tuesday in the federal racketeering and fraud trial of five officials of the now-defunct securities firm Princeton/Newport Partners LP and a former Drexel Burnham Lambert trader. The six are accused of making phony securities trades to generate more than $13 million in false tax losses for Princeton/Newport from 1984 through 1986. They also are accused of illegally manipulating the market price of stock in COMB Co. The trial, which is expected to last more than two months, may give the first glimpse of some of the government's evidence against former Drexel "junk bond" chief Michael Milken, who also is awaiting trial on racketeering and securities fraud charges.
BUSINESS
August 3, 1989 | SCOT J. PALTROW, Times Staff Writer
A federal jury said Wednesday that the six defendants found guilty in the Princeton/Newport Limited Partners securities fraud trial should forfeit $3.8 million to the government under the racketeering law, far less than the $22 million that prosecutors had demanded. But U.S. District Judge Robert L. Carter said he almost certainly will overturn the jury's findings and grant the prosecutors' request for the full $22 million.
BUSINESS
July 25, 1989 | SCOT J. PALTROW, Times Staff Writer
As closing arguments began Monday in the racketeering and securities fraud trial of executives of Princeton/Newport Limited Partners, a federal prosecutor replayed excerpts of taped telephone conversations that he asserted proved that the defendants in the case knew that they were committing crimes. Assistant U.S. Atty.
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