European Stars And Stripes (Newspaper) - June 6, 1986, Darmstadt, Hesse Page 4 the stars and stripes Friday. June 6,1986 banker pleads guilty to making millions on illegal Stock deals f l nov York a a Nix to i Vine the in it a in no ii Ril " Federal officials called the re in idea trading scheme a or discovered a Adeil Illy thursday luf or .n.n, if fraud tax. Kiri in 1 per Wiir. I Flint in ciiici1 i 11 in Mil filed him by the Si".Uriiic-. Ind Nimi Mimi Winch accused Lum of nuking is Neil Luil in illicit air Nuhs he misusing cond Ileri Ial infirm Iwin during inc last five years of the pc Elk flu pm wore nol immediately released. I linked Bim Kijuu is. Llic ,v3-Yc in Mif Liiri a year on his Federal As returns for 198.1 ind 1w4. In that he lied under Lush to the Sec when i lie i i univ Hin began in\cs1i Ilin. I 1r inks. Los. District Jud pc Gerard i. A Ciicle said he will san ence i Evine or july 9. Taxi count curries a possible five prison scale Sci Anil the i air Cimins i Al her mean i p. Sihle id 10,000 in Fine i live accepted the los of no conduct and hive agreed to a ill Wilh incl led Aii Itney s office Init the is said i after his court to conic in juries me on technical i Rui d uld serve on Tii prolong he suffering of in null a uld Alsa Conie the wrong Mucsi Igic. I have i the Law and i hav Remise for my conduct not s plea came As part of a Jeal with prosecutors in which he apparently agreed to Yum Intorre Natman in other Wall Street professionals with whom he is believed to have i railed Slock lips his Case has Allim cled close Aii Emilou on Wall Street where professionals fear that a crackdown on insider Trad ing could cd those hem to penalties at the daily Exchange of news that to the Street s custom. Federal Law makes la illegal for corporate Secu gives Law yers investment Bankers and others with Access in corporate is Cresto buy or sell Stock based on slut information. Deon a twin acc approves Genera electric Purchase of Abc Washington a the Federal communications commission on thursday approved general electric co s Purchase of the National a Osadca stingo. As part of its 56.2b billion offer to buy Ria. The commission said there was no need for an inquiry into of s admitted violation of Laws in its operations As a defense contractor subsidiary of Gege pleaded guilty in May i9ks 10 defrauding the air for orc of 1800,000 on a nuclear car had contract and was fined $1.04 million. The company s space systems Divi Sion wus suspended for several months front bidding on any new defense contracts no be officers participated in the misconduct involving he iwo former employees and be s Corr Civit measures Mcl the full approval of inc Sec Clary of the air Force. Moreover Uherc have been no recurrences the commission raid. With the acc s 4-0 approval Here Are no Oiler apparent major procedural roadblocks to consummation of inc largest Oil merger in . Business history. The Justice department said it will not try to Block the acquisition on antitrust grounds. Ria i stockholders have approved. Noge stockholder approval is required. When the takeover is Complete be will take Abc out of the Ria corporate Structure and nuke it a Parasc nuclear device detonated in test in Nevada desert Las vegas Nev. A a major nuclear weapons lest was conducted thursday in the Nevada de Cri. The test code named Tajo. Was detonated at 8 04 . In a Shaft 1,700 feet beneath inc surface of Yucca a lat about Siu Miles Northwest of Las vegas. La was a very successful lest said department of Energy spokesman Jim Boyer. Everything went Fine very successful. There were r o problems with radiation or any thing the test had an explosive yield of Between 20,000 and 150,000 tons of int. All less Are announced As having an explosive yield of less than 20 Kilotons or 20 to 150 Kilotons. The lest was the fifth announced blast at the Nevada test site this year and the 651st since testing began at the desert site in january of 1951. Not All tests arc announced for Security reasons. No Prol Tilery Boyer said there were no protesters at the site thurs Day. A peace group completed three Days of protests at the gales to the do Sci test site monday with 149 participants arrested on Misdemeanour trespass charges. The most recent previously announced test was Pana mint on May 11. Boyer said there was subsidence at ground Zero 20 min utes Afler thursday s blast. The subsidence or cratering effect is always a Good sign because it generally seals the ground Zero area to prevent any escape of radioactivity Boyer said. The test was named after a Small Community in new Mexico. It was conducted under the direction of the los Alamos National Laboratory. Acting for the first Lime under a new policy on judging c character of broadcast Lic Tisci the can Mission business news determined there was no reason to deny the License trans fers because be had rehabilitated itself and convinced he government it had taken Steps to ensure that similar violations would not happen again. In other business news major . Rel Ailers reported sales increased slightly last month possibly signalling a turnaround in an economic sector that has remained lethargic for several months analysts said. Scars Roebuck co., k Mart , Penney co., Dayton i Hudson corp. And . Woolworth co. Were among the top 10 retailers that reported higher sales figures for May rang n ing from 10.8 percent to 3 percent Over a year earlier. Financial analysts who Monitor inc retail sector nitric Fulcd the increase to More consumer spending although Levels of personal debt remain a i historic highs which has i restrained americans from buying More. I in the Petroleum markets wednesday inc Price for july deliveries of West Texas intermediate the main u-5. Crude Ucli 77 cents per 42-gallon Barret to si3.10 at the i new York mercantile Exchange a decline analysts of lib f used to excessive gasoline supplies. Many Oil Industry analysts have predicted that american f demand for gasoline would surge this summer primarily be i cause of the Sharp drop in prices since Laic last year. In other economic news wednesday the seven major i . Automakers said Domestic car sales declined late last month to 10.9 percent below the level of a year earlier. Spunky dolls for Spunky kids a nonprofit corporation has Ben formed by the Mattel Lay company to Mike ant Mutt toys especially for Nindie Pike children. Its new line of Lik soft soap Ltd doll with disabilities pc la own As dial i pay and sell for $40 a a is. They Ian do a bask bad player Silling in wheelchair left and a handicapped Sli inst Clor. Hal o scary us Salue of Ibe Dolli is dire to us Fowler of the Winter Park handicapped sports Aad rear Tauoa program in Colo Rado initially Stltt disabled dab a Alai Laboc exch Sily by writing for pm by mated Lac 5959 Triumph so Commerce Calif. 90840
