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December 21, 1988 | From Reuters
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.
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BUSINESS
July 25, 2000 | Bloomberg News
Partnership units of Cedar Fair, owner of Knott's Berry Farm in Buena Park, on Monday fell $1, or 5.3%, to $18 on the New York Stock Exchange. The Dublin, Ohio, amusement park operator warned Friday that it expects to report second-quarter earnings of 35 cents to 37 cents per unit. The company was expected to earn 42 cents, according to a survey of analysts by First Call/Thomson Financial.
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BUSINESS
July 12, 1993 | From Times Staff and Wire Reports
Securities Firm Handed $42-Million Tax Bill: The Tokyo Regional Tax Bureau will hit Nomura Securities with a $42-million tax bill for failing to declare more than $100 million in income derived from illegal stock transactions, Japanese news reports said Friday. The case involves a transfer of shares in a Nomura real estate subsidiary to other holders at face value, rather than market value.
BUSINESS
July 12, 1993 | From Times Staff and Wire Reports
Securities Firm Handed $42-Million Tax Bill: The Tokyo Regional Tax Bureau will hit Nomura Securities with a $42-million tax bill for failing to declare more than $100 million in income derived from illegal stock transactions, Japanese news reports said Friday. The case involves a transfer of shares in a Nomura real estate subsidiary to other holders at face value, rather than market value.
BUSINESS
April 7, 1989 | From Associated Press
A criminal plea bargain by Drexel Burnham Lambert Inc. could be jeopardized if it fails to resolve separate civil charges with the Securities and Exchange Commission by Monday, a prosecutor said Thursday. Assistant U.S. Atty. Bruce Baird said the government does not plan a lengthy extension of the deadline, which already has been extended several times. Failure to reach a pact would nullify the Manhattan U.S.
BUSINESS
July 25, 2000 | Bloomberg News
Partnership units of Cedar Fair, owner of Knott's Berry Farm in Buena Park, on Monday fell $1, or 5.3%, to $18 on the New York Stock Exchange. The Dublin, Ohio, amusement park operator warned Friday that it expects to report second-quarter earnings of 35 cents to 37 cents per unit. The company was expected to earn 42 cents, according to a survey of analysts by First Call/Thomson Financial.
BUSINESS
May 14, 1988 | From the Washington Post
The Securities and Exchange Commission is investigating Edward J. DeBartolo Corp. and its top officials, the nation's leading shopping center developers, to determine whether they violated federal securities laws by secretly aiding hostile takeover bids and other stock purchases by raider Paul A. Bilzerian. DeBartolo and Bilzerian are two of the most prominent deal makers in American finance.
BUSINESS
June 22, 1989 | From Times wire services
John A. Mulheren Jr., the former Wall Street trader once accused of plotting to kill Ivan F. Boesky, pleaded innocent today to charges that he and Boesky engaged in illegal securities fraud schemes. The 42-count indictment, returned last week, charged Mulheren with manipulating the price of Gulf & Western Inc. common stock to assist Boesky, whose 1986 guilty plea led to a series of Wall Street criminal investigations. Mulheren, 39, of Rumson, N.J., also was accused of plotting a series of sham stock transactions to help Boesky companies evade taxes and circumvent securities laws in what prosecutors called "a classic case" of so-called stock parking.
BUSINESS
June 24, 1988 | Associated Press
GAF Corp. confirmed Thursday that it is under investigation for possible securities law violations. According to a company spokesman, who denied that any wrongdoing was involved, the focus of the investigation appears to relate to the disposition of a portion of GAF's stock position in Union Carbide Corp. during late 1986. GAF made a hostile bid for Carbide in 1985, but reached a standstill agreement with the company the following year.
BUSINESS
April 7, 1989 | From Associated Press
A criminal plea bargain by Drexel Burnham Lambert Inc. could be jeopardized if it fails to resolve separate civil charges with the Securities and Exchange Commission by Monday, a prosecutor said Thursday. Assistant U.S. Atty. Bruce Baird said the government does not plan a lengthy extension of the deadline, which already has been extended several times. Failure to reach a pact would nullify the Manhattan U.S.
NEWS
December 21, 1988 | From Reuters
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.
BUSINESS
April 21, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Michael Milken, 43, may go to prison. Lowell Milken, 41, will go home. The government will drop two charges of racketeering and 11 counts of fraud against the unassuming family man who was indicted along with his famous older brother. The fate of Lowell apparently played a central role in the final negotiations between Michael Milken and federal prosecutors.
BUSINESS
August 7, 1990 | From Associated Press
Two Los Angeles brokerage executives who cooperated with prosecutors in securities cases stemming from the Ivan F. Boesky insider trading scandals, settled administrative charges with federal regulators Monday. James T. Melton, who testified for the government at the GAF Corp. stock manipulation trial, and Michael Z. Landy, a government witness against takeover strategist Paul Bilzerian, settled actions brought by the Securities and Exchange Commission.
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