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Rooney Pace Inc

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BUSINESS
June 18, 1988 | From Reuters
A former principal of broker Rooney, Pace Inc., which agreed last year to leave the securities industry after being charged with violating public offering laws, was sentenced on Friday to four months in prison on income tax evasion charges. Patrick Rooney was also fined $50,000, ordered to serve 300 hours of community service and was given three years' probation. He was released on his own recognizance.
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BUSINESS
November 10, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
A federal grand jury here Monday indicted the founder of the defunct Rooney Pace brokerage and a New York lawyer for allegedly masterminding a nationwide stock fraud that authorities say netted profits of $100 million. Randolph Pace, 53, and Alan Novich, 52, both of Manhattan, were charged in connection with a series of six initial public stock offerings marketed from 1994 to 1996 by Sterling Foster & Co.
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BUSINESS
November 10, 1998 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
A federal grand jury here Monday indicted the founder of the defunct Rooney Pace brokerage and a New York lawyer for allegedly masterminding a nationwide stock fraud that authorities say netted profits of $100 million. Randolph Pace, 53, and Alan Novich, 52, both of Manhattan, were charged in connection with a series of six initial public stock offerings marketed from 1994 to 1996 by Sterling Foster & Co.
BUSINESS
June 18, 1988 | From Reuters
A former principal of broker Rooney, Pace Inc., which agreed last year to leave the securities industry after being charged with violating public offering laws, was sentenced on Friday to four months in prison on income tax evasion charges. Patrick Rooney was also fined $50,000, ordered to serve 300 hours of community service and was given three years' probation. He was released on his own recognizance.
BUSINESS
March 30, 1988
A Monterey Park man with 21 prior convictions for driving-related offenses, including 10 for drunk driving, has been sentenced to four years in County Jail, prosecutors said. Rene L. Verdon, 39, was sentenced by Municipal Court Judge Lance Ito after pleading no contest in two new drunk-driving cases and to charges of driving with a suspended license. Verdon's record of 10 prior drunk-driving convictions dates from 1975, City Atty. James K. Hahn said.
BUSINESS
November 17, 1987 | From Reuters
Once high-flying broker Rooney, Pace Inc. agreed Monday to leave the securities industry after an investigation by the Securities and Exchange Commission found numerous violations in three of its public stock offerings. The firm was a major player in the business of IPOs, or initial public offerings, a segment of the brokerage industry that also included First Jersey Securities Inc., which earlier reached a settlement with the SEC over fraud charges dating back to 1984.
CALIFORNIA | LOCAL
July 24, 2000 | MYRNA OLIVER, TIMES STAFF WRITER
Milton E. Mohr, former chairman, president and chief executive officer of the Los Angeles-based electronic financial data firm Quotron Systems Inc., who was credited with moving the company from near-bankruptcy to dominance of its market, has died at the age of 85. Mohr died of cancer July 17 at his home in Malibu. Founded as Scantlin Electronics Inc. in 1957 by John R.
BUSINESS
February 12, 1985 | MICHAEL A. HILTZIK, Times Staff Writer
The Securities and Exchange Commission on Monday accused a former stockbroker from Sherman Oaks and four other men of defrauding nine U.S. brokerage firms in a $10-million scheme to purchase stock without paying for it, a maneuver known as "free-riding." The agency, in a lawsuit filed in U.S. District Court here, also charged that two of the men tried in January, 1984, to obtain separate bank loans totaling $1.4 million by using as collateral First City Properties Inc.
BUSINESS
November 18, 1986 | DANIEL AKST, Times Staff Writer
Barry Minkow, a whiz kid entrepreneur who built a small carpet-cleaning business into a multimillion-dollar enterprise, needed money desperately last year. So he turned for help to 56-year-old Jack M. Catain Jr. Their relationship, however, turned into extortion, in the words of a federal prosecutor. In fact, law enforcement authorities have long speculated that Catain is a major organized crime figure, and on Nov. 7, he was convicted in a counterfeiting scheme.
BUSINESS
March 30, 1988
A Monterey Park man with 21 prior convictions for driving-related offenses, including 10 for drunk driving, has been sentenced to four years in County Jail, prosecutors said. Rene L. Verdon, 39, was sentenced by Municipal Court Judge Lance Ito after pleading no contest in two new drunk-driving cases and to charges of driving with a suspended license. Verdon's record of 10 prior drunk-driving convictions dates from 1975, City Atty. James K. Hahn said.
NEWS
March 30, 1989 | KIM MURPHY, Times Staff Writer
To look at them, nobody would have thought they could do it: An insurance adjuster who couldn't seem to hold down a job. A family man who ran a small janitorial business. A former UCLA linebacker who taught himself accounting. And the kid with the big mouth and an overdose of charm.
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