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Naji Nahas

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BUSINESS
June 13, 1989 | From Reuters
Brazilian authorities Monday ordered all stock and options markets shut for one day to sort out the chaos caused when checks written by a major brokerage house bounced. The refusal of the banks to honor an 11 million new cruzado ($8.8 million) check written last week by Lebanese-born Naji Nahas to a brokerage company, Ney Carvalho, has plunged stock exchanges into disarray. The Rio exchange said in a telex late Monday that a total of seven brokerage houses had debts at the close of business Thursday, when the Nahas check was cashed.
BUSINESS
July 13, 1989 | From Times wire services
Speculator Naji Nahas, who sparked a crisis in Brazil's stock exchanges when he stopped payment on checks to brokers, has been charged with fraud and crimes against the economy, police said today. It was the first time Nahas was charged in connection with the scandal which forced Brazilian authorities to close the nation's stock and options markets June 12.
BUSINESS
September 11, 1986
Naji Robert Nahas of Brazil will pay a record $250,000 fine and turn over documents from the Hunt brothers' attempt to corner the silver market six years ago, the Commodity Futures Trading Commission said. Nahas refused to turn over the documents during a 1983 investigation into the case. The $250,000 fine is the largest civil fine ever assessed against an individual in a futures trading case.
BUSINESS
June 3, 1988 | Associated Press
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.
BUSINESS
June 13, 1989 | From Reuters
Brazilian authorities Monday ordered all stock and options markets shut for one day to sort out the chaos caused when checks written by a major brokerage house bounced. The refusal of the banks to honor an 11 million new cruzado ($8.8 million) check written last week by Lebanese-born Naji Nahas to a brokerage company, Ney Carvalho, has plunged stock exchanges into disarray. The Rio exchange said in a telex late Monday that a total of seven brokerage houses had debts at the close of business Thursday, when the Nahas check was cashed.
NEWS
August 21, 1988 | J. MICHAEL KENNEDY, Times Staff Writer
The flamboyant Hunt brothers of Texas, whose combined riches once totaled an estimated $6 billion, were found guilty in federal court Saturday of attempting to illegally corner the silver market eight years ago--a move that marked the beginning of a downward financial spiral that has eroded much of their vast fortune.
NEWS
December 31, 1989 | ED McCULLOUGH, ASSOCIATED PRESS
Carlos Saul Menem, the president of Argentina, recalls his days growing up. He, his brothers and mother all worked in the general store of his father, a Muslim who arrived penniless from Syria after the turn of the century. "He was a street vendor" in a hot, backwater province until he saved enough to buy the store, Menem said. After several setbacks, the business prospered and the father, Saul, insisted that his four sons go to college. "He instilled in us the need . . .
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