European Stars And Stripes (Newspaper) - November 28, 1988, Darmstadt, Hesse Monday november 28. 19bb the stars and stripes Page 27 6 arrested in Spain in Stock Sale fraud Marbella Spain a policy said saturday that they hav uncovered multimillion Dollar Stock Sale fraud and arrested five americans and a briton police spokesman said. The spokesman told the associate press that two Gibraltar based invest ment firms with offices in nearby mar Bella apparently took in millions of Dol Lars by Selling non existent stocks to customers in Europe. The Sellers always dealt with their customers by Telephone and claimed the could get investors in Early on new stocks to be traded on the new York Stock Exchange the spokesman said. He said neither Spain nor Gibraltar Wai a target of the sales pitches which appeared aimed primarily at Britain. He said police were holding americans Ronald Bash Ards and his wife Gertrude and their two sons Jay and Aaron and Christopher Meraw. J to said the Nam of were not available. No one at the . Embassy in Madrid could be reached for comment saturday. The briton arrested was identified Smichael Reeve although his identification papers Are believed to be false the spokesman said. The spokesman sold the american couple owned first Gibraltar financial consultants. The investment company was set up in the nearby British Colony of Gibraltar at Spain s southernmost lip which has become a focus for offshore financial activities. The group maintained three offices in Marbella on Spain s Mediterranean Costa Del sol a Haven for retirees from Britain and Northern Europe the firm apparently collapsed lost summer and was acquired by Corr any investments Ltd. Of Gibraltar a company Reeve controlled. When investors sought to get their Money Back from first Gibraltar they were told that they either could give up investments with the bankrupt Companas lost or invest in Slock offered by Cor Rany investments the spokesman said. Many investors appear to have continued with Corr any according to the documents seized the spokesman said. A clerk at Marbella s no. 3 provincial court said saturday that the suspects had appeared in court. The police spokesman said investigators were attempting to identify All investors with the two firms and said they were working under the Assumption that other companies and individuals May have been involved in the scheme. Vietnam May allow . Use of Cam Ranh Bay facilities Manila Philippines a Viet Nam reportedly May allow the United slates and other countries to use refuel ing and repair facilities now used by so Viet warships at Cam Ranh Bay. Filipino reporters on sunday quoted vietnamese Deputy foreign minister Tran Quang co As saying that the idea is under serious consideration and that the offer could be made in the near Cam Ranh Bay will be opened to others in the future. We Are thinking about it seriously the minister was quoted As saying. would like to to today superstition an to monday s programs show the world that we re a peaceful country and that we re not reserving the privilege to just one the reports appeared As philippine for eign Secretary Raul Manga pus was to de part for a three Day visit to Hanoi. It would be the first visit by a top level filipino offi Cial to Vietnam since the two countries established diplomatic relations in 1976. Filipino reporters who flew to Hanoi to cover the visit reported that foreign min ister Nguyen co Thach was expected to Askman Lapus to explain the philippine Posi Tion on the future of the six . Military bases there. The lease expires in 1991. ,0700 Abc Hvam. Orrum Puii. 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Junior dependent of anyone entitled to logistical support an eligible to eater the contest children of Stan and stripes employee Art not Eligi ble did try to win one of the Chr prizes to be awarded in two Catt go Ries. Here Are the Rule contestants Are divided into two Groppi age 3-7 and 8-12. Entries most be postmarked no later than dec. 12, use any medium. Originality is encouraged. Decisions of the judges will be final. Entries become the property of the stars and stripes no entries name sponsor. Complete military address Apo Fpo. Telephone number age will be returned Don t Forjet to include your name and address be below. Mall five of the 10 cartoons not one at a time in a sin Gle envelope to colouring contest the stars and stripes to 09211 the lop prize two bikes will be awarded to Oral puce win ners in each category., second and third place winners will receive other pc Cal prizes. Fifteen rift wrapped books will also be awarded in each category. Read the nil a carefully. They will be published with each drawing. Happy colouring reminder you can mail your entries free of charge through the Apo by writing maps in the upper right hand Comer of the envelope. A stamp is not Nec Essary ,
