European Stars and Stripes (Newspaper) - August 11, 1990, Darmstadt, Hesse Saturday August 11, 1990 the stars and stripes Page 5 regulators seek $40.9 million 5 a amp a partners Washington apr Federal Rogu gators moved thursday to get $40.9 million in restitution from Charles h. Keatingjr. And five other officers of a Phoenix holding company that owned the failed Lincoln savings and loan association. The Federal office of Thrift supervision also said it wants to remove Keating and five other officers from american Continental corp., which owned the Irvine calif., Thrift before its $2 billion failure last year. Timothy Ryan director of the Federal Agency called the move a the most significant enforcement action ots has the restitution order is the largest sought by regulators. The action against Keating and the other american Continental officers seeks to recover $40.9 million in losses from three business deals that one official said showed a evidence of blatant disregard for the safety and soundness of if recovered the Money would be returned to Lincoln which was seized by Federal regulators on april 14,1989. The restitution order applies to Keating and the five executives and Ryan stressed that the Agency was seeking the Money from All six a individually or As a group. Keating is already named in a $1.1 billion racketeering suit filed by the Resolution Trust corp. Charging him with defrauding depositors. In addition a Federal grand jury in los Angeles is conducting a criminal investigation of Keatings financial dealings and sources say the Justice department is investigating whether he improperly donated $1.3 million to five . Senators who intervened with regulators on his behalf three years ago. The office of Thrift supervision also issued an order demanding that Keating produce in five Days an accounting of his own assets. Ryan said regulators do not believe Keatings claims that he is broke. A there was just too much Money available to him and too Short a time for it to Timothy Ryan announces restitution order in Washington on thursday. I Sappa. Ryan told reporters. The order requires Keating to identify All foreign Bank accounts and assets and bars him from transferring any Money overseas. It also requires Keating to give ots two Days notice before he transfers any Money or assets Worth More than $5,000. The administrative action seeks to re move Keating and the top executives of american Continental from office and to bar them a from Ever serving in position in any federally insured institution a Ryan said. The amount sought represents losses that regulators say Lincoln suffered As a result of three business deals involving subsidiaries of american Continental. Delta United cite fuel costs for fare hikes Washington apr an Industry spokesman blamed Jet fuel prices a that have gone through the roof As More airlines announced fare increases on thursday. Delta and United posted 5.3 percent increases both effective on wednesday. The Delta increase will cover All Domestic and International flights. Init cd a increase applies Only to Domestic tickets. The announcements followed increases by eight other airlines since the iraqi invasion of Kuwait. The ticket increases and surcharges Range up to 10 percent. Besides Delta and United airlines that have announced fare increases since last week include America West american Midway Northwest pan am Southwest trans world and the Trump shuttle. Some were to take effect on Friday and others will go into effect on wednesday. A Jet fuel prices have gone through the roof a a said air transport association president Robert j. Aaronson at a news conference. He said the Price of Jet fuel sold to carriers has gone from 70-75 cents a gallon last week to 80-90 cents on wednesday. But Aaronson noted that crude Oil prices on thursday were declining and said if this holds and Jet fuel costs follow the Industry is Likely to lower fares. Aaronson said he expects All airlines to Honor Advance tickets sold before the Price increases take effect. He said a Bush administration proposal to increase Domestic ticket taxes and a House passed Bill to impose passenger charges at airports would add to the Cost of air lot standoff resolved with just 1 hitch Baltimore apr for nine hours the illegally parked Motorist went eyeball to eyeball with a highly determined Tow truck Driver. Neither blinked. Finally Early thursday a Knight in a White Lincoln Continental came to the Rescue. The standoff began wednesday afternoon when Ann miser parked in a private lot without paying. In 10 minutes Wilbey Mullen was there hooking misers car to his Tow truck. Miser apparently aware that it is illegal in Baltimore to Tow a car carrying a passenger jumped in the front seat and refused to Budge. Mullen 26, an employee of Maryland impounding inc., demanded a $110 towing Fecso unhook misers car. V a. Miser said she would pay but Only Hill a Check. Mullen refused. A company policy. You can to Stop payment on Cash a he explained. Miser got a passer by to Call a co worker who telephoned area television stations and a member of the City Council. An unidentified woman also came to misers Aid by bringing dinner a a Turkey Sandwich boiled egg pickles raisins and a Jug of water. Watching the local 11 . Newscasts which featured live reports on the impasse was Norman Mccarthy. Mccarthy who describes himself As a celebrity bodyguard was naturally sympathetic since his car had been towed last fall. He drove right Down to the parking lot. In the meantime Mullen had kept his meter running and was demanding $400 by the time Mccarthy arrived. He was willing to Settle for $200, which the Good Samaritan paid Oft in Nickels dimes and quarters he kept in a plastic water bottle in his car. A i just done to want her to sit in the car and i want to get rid of my change Quot said Mccarthy. Mullen was grateful Quot thanks a lot Man. Now i can go All miser could say was a i just can to believe worker refuses offer of free Honda on to show in the stars and stripes 40 years ago today. Risingsun Ohio apr Pamela Richards became a hero at the Auto parts Piant where she works when she refused on a game show to accept a new car made at a non Union factory. But when the show aired a night alter it was recorded censors deleted her explanation for rejecting the $ 17,500 Honda Accord. A i was disappointed when they bleeped out my comment. I did no to slam Honda. I just wanted to get across that in a proud to be a Union member a Richards a member of United Auto workers said wednesday. Richards has worked 23 years at Toledo precision machining a Chrysler corp. Subsidiary in Risingsun a town of 700 about 30 Miles from Toledo. The Law has been trying for years without Success to organize employees at Honda a . Plants in Marysville 100 Miles from of Risingsun. Richards was one of four contestants competing for Cash and Ohio made prizes on an Ohio lottery to show videotaped aug. 3 and broadcast the following Day. When her turn came to choose from 24 boxes containing Cash and prizes she picked one that revealed she had won an Accord made in Mary Seville. She had the Choice of accepting the car and ending her participation or taking the Cash prize in the same Box and continuing. �?o1 done to want that Honda. I am Union a she said accepting instead the Cash prize of $1,000. Ultimately she won $6,400. Aug. 1 i 1950 a Winston Churchill a British conservative party was rebuffed twice for seats in the european Assembly but Churchill was set to take up the fight for their party program. 30 years ago today. Aug. 1 1, i960 a the soviet Union accused tie . Air attache col. Edwin m Kirton of setting up a spy apparatus in Moscow and ordered him to leave the country. 20 years ago today. Aug. 1 1, 1970 a a peruvian Airliner carrying a group of american High school students went out of control crashed and exploded shortly after taking off from Cuzco Peru. Police said All 92 passengers and seven of the planets eight Crew members were killed. 10 years ago today. Aug. 11, 1980 a Hurricane Allen hammered South Texas with winds of Mph leaving property along the beaches in a shambles
