European Stars and Stripes (Newspaper) - March 11, 1992, Darmstadt, Hesse                                Wednesday March 11, 1992 the stars and stripes Money matters employment agencies in California new York and Florida have been cheating americans with promises of jobs in Australia that do not exist the australian embassy in Washington said monday. A it started about five months ago and its been getting worse lately a said Christopher Sweeney an embassy spokesman. Australian embassies and consulates have been receiving As Many As 400 Calls a week a some from wary Job seekers checking on the agencies and some from americans who have paid As much As $1,200 in Agency fees. A a it a very embarrassing a said Sweeney referring to the phone Calls. A sometimes you can hear families quarrelling and children crying in the  he reported promises of tax free jobs paying $85,000 a year. Usually the Job seekers get Only a Catalon with out of Date information about australian companies that have never been consulted about the use of their names Sweeney said. Conversion rates London up a tuesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $348.90 an ounce Silver at $4.16. March 9 March 10 British Pound.1.72185 1 71580 German mark.1.6630 1.6700 French franc.5.6637 5.6485 dutch guilder.1.8705 1.8675 belgian ranc.34.20 34.30 italian lira.1,249.90 1,246.75 Swiss iranc.1.5075 1.5115 greek drachma.191.90 191 30 turkish lira.6,007.80 6,011.50 saudi arabian riyal.3.7501 3.7501 Spanish peseta.105.02 104.71 portuguese escudo.105.02 143.00 Canadian dollar.1.1919 1.1937 austrian schilling.11.7325 11.6800 norwegian krone.6.517 6.508 danish krone.6.445 6.438 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.62 Marks to a Dollar and $1.77 for a Pound through wednesday based on tuesdays noontime Price fixings. New York Exchange new York up York Stock Exchange Stock Rwjr Nabisco hid Glaxo holdings Chrysler corp Amer express co ism corp at amp to company Citicorp Tel Fonos de my Boeing co Philip Morris limited inc Pepsico inc Bristol Myersq Natl med enter genl electric a the 15 most Active composite trading on sales last 2,627,600 9v. 2.539.500 27 i 2.081.700 16 /. 1.913.700 22 1.578.800 87% 1.529.500 37% 1,432,000 16% 1.408.700 55% 1.408.100 44% 1.172.800 76 1.069.100 27 v. 1.044,300 31% 1,039,200 79% 1.035.100 15% 1.006.700 77% stocks in new monday. Net chg. Off a up % up % up % up 1 up % up % up 1 off a up 1 % up % unch off % unch unch american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading monday. Slock Seles last net chg. Inti Corona 1.247,100 3% off % Igi inc 479,200 14% off 4% Wang labs inc b 386,600 6% unch Americus to i 368,800 27% off % us Sio science 323,000 17 unch spi holdings of 281,700 6 up % pall corp 266,600 27% up Hill Haven corp 242,800 2% unch metro Mobile b 239,600 22 up % Echo Bay mines 202,700 7% off % Dow Jones new York up a Dow Jones closing Range of averages monday 30 industrials 20 transport 15 utities 65 stocks 32422 1420.40 205.06 1171 92 Low 3188 95 1396.86 202 37 115303 close 321512 1404.90 204 43 1161 94 cd off 8 22 up 1 88 Tom 99 prepare for prison term Helmsley warned by judge by . Mcqueen new Day new York a Leona Helmsley wept in the hallways of a Federal court in Manhattan on monday moments after a judge told the hotel Queen to prepare herself for prison when she is re sentenced next week for tax evasion. As Helmsley sat quietly in the spectators Section of the Federal courthouse . District court judge Thomas Griesa warned her attorney Alan Dershowitz a i done to want her misled. Lets everybody get very realistic Here about what Are the  Griesa added a it would be prudent and i would urge you to begin to prepare or. Helmsley for the probable need to be separated from his  Dershowitz told Griesa on monday that he intends to ask the judge to set aside Leona Helmsley a four year sentence a week from wednesday for reasons of health. Helmsley has exhausted All appeals of her conviction. Mondays court appearance was a scheduling conference. Dershowitz said Helmsley the 71-year-old president of Helmsley hotels inc., suffered a stroke in september 1990 that went undetected until sunday. A mrs. Helmsley is in inordinate risk of sudden death a he said. Dershowitz also has filed a motion for Leona Helmsley Apollo a new trial on the basis of a newly discovered  a it would be a death sentence for two people a Helmsley wailed after the hearing. Standing in the hallway surrounded by her bodyguard Dershowitz and his brother attorney Nathan Dershowitz Helmsley complained of numbness in her face and said she cannot walk More than a Block because of the stroke. As she spoke to reporters she began to sniffle and tears rolled Down her face. Helmsley said the ordeal of going to prison would kill her and her 82-year-old husband ailing real estate and hotel magnate Harry Helmsley. She said her husband had not been told that she May go to prison. A a it a sin it s a sin. A tragedy a she said. Leona Helmsley was convicted in August 1989 on 33 counts of tax evasion conspiracy and fraud for evading $1.23 million in Federal taxes by Billing personal expenses to the Helmsley businesses. Her husband was ruled unfit to stand trial on the same charges. The . Supreme court upheld her conviction last month although a lower court ruled that she must be re sentenced on several lesser counts. Assistant . Attorney Mark Hellerer called the re sentencing next week Only a formality. He said that he would recommend the same four year prison sentence but that $850,000 of the $7 million in fines Helmsley paid should be returned. Griesa told Alan Dershowitz that the a prison system is prepared to Deal with the problems being raised Here and said he had not been informed of Helmsley a alleged health problems until monday. He suggested that Helmsley might be sentenced to the Federal medical Center at Lexington ky., a woman a facility if she needs special medical care. Tax decision threatens donations by sponsors olympic officials say san Antonio a olympic officials Are worried by an internal Revenue service ruling that Mobil corp. And John Hancock Mutual life insurance co. Must pay taxes on contributions to College football bowl games. A comparable ruling against the . Olympic committee would make its current $103 million sponsor income subject to a 34 percent tax. That a would make it very difficult for the United states olympic committee to continue the level of funding it has for athletes and National governing bodies a said the committees president William Hybl. In the Case of the Cotton bowl in Dallas and the Hancock bowl in Elpaso Texas the irs declared that the Money from corporations constitutes payment for advertising rather than charitable contributions. The Atlanta committee for the olympic games Hopes to raise nearly $900 million from corporate sponsorships during the next few years. . Olympic committee comptroller John Samuelson said his groups position is that its sponsor income is a non taxable Royalty. In return the sponsor has the right to use the word a a olympics and the olympic logo in its marketing program. Hybl and the Atlanta committee presi Dent Billy Payne said they May ask Congress to pass legislation exempting the . Olympic committee its member governing bodies and the Atlanta committee for the olympic games from t he unrelated business income tax. A in the absence of direct Federal assistance of the olympic movement in the United states and staging the games to turn around and tax the private funds. Would be a blow the american Public would not tolerate a Payne said. Hybl pointed out that the . Olympic committee pays taxes on some of its income such As clothing and souvenir sales. $1.3 billion Milken settlement of d new York apr a Federal judge monday approved a $1.3 billion settlement of All lawsuits against Michael Milken and other former Drexel Burnham Lambert inc. Associates after Federal Thrift regulators joined the Deal. The decision cleared the was for a Federal judge to approve the bankruptcy court reorganization of Drexel the 1980s junk Bond Titan that crashed in infamy after admitting criminal wrongdoing. Drexel sought bankruptcy Protection about two years ago. The developments came after the Federal Deposit insurance corp. Agreed to Back the settlement which was criticized in Washington for leaving Milken too much Money at least $125 million plus investments owned by his brother wife and children. The Odic and the Resolution Trust corp., which Are overseeing the nations failed thrifts had accused Milken of causing the failure of More than 40 savings and Loans through the Sale of worthless or overpriced junk Bonds. Milken had denied any wrongdoing. After weekend negotiations the Thrift regulators won the right to examine the personal finances of Milken and other participants in the settlement. That had been a major sticking Point in the Deal. Under the arrangement which settles More than 150 lawsuits Milken will contribute $900 million former Drexel employees $300 million and Drexel insure Milken Ance policies $100 million. The government stands to receive More than $500 million under the settlement to be divided Between the Odic and the Etc. The agencies had filed two joint lawsuits in new York and California that said Milken As head of Drexel a Beverly Hills calif., junk Bond division tie Fraude the thrifts by Selling billions of dollars in risky High yield securities. Milken pleaded guilty to six felonies and is serving a 10-year prison term. None of the charges related to junk Bonds a debt Security used widely to raise capital and finance hostile takeovers during the 1980s. . Bankruptcy judge Francis g. Conrad or. Approved the Drexel reorganization plan earlier and . District judge Milton Pollack who oversaw the Drexel Case said he would sign an order approving it