Mafia loan deals tied to Masiello family and collapsed insurers
A nationwide scheme tied John A Masiello Sr and his son John Jr to millions in collateralized loans using questionable insurance policies and bonds. Investigators link the Masiellos to Florida Oklahoma and Arizona firms amid braces of bankruptcies and SEC inquiries, with ties to State Fire and Casualty Community National Life and Financial Security Life. The probe tracks loan collateral involving paid up life policies and stock to disguise real value, with cases of suspended trading and looming lawsuits.
MENTIONED IN THIS ARTICLE
Donald M. Rothberg
Associated Press
Washington
John A. Masiello Sr
John Jr
Oklahoma
Florida
Arizona
Masiello
New York State Investigation Commission
SBA
Vito Genovese
Post Office Department
Masiellos
New York
Comp
Floria
John Masiello Jr
Wright Patman
D-Tex
House Bankin Committee
Wa Federal Banking
Patman
Cananal State Fire and Casualty Co
Miami
Fla
Community National Life Insurance Co
Tulsa
Okla
Financial Security Life Insurance Co
Phoenix
Ariz
Vietnam
Community National
Stuart C. Goldberg
Securities and Exchange Commission
Goldberg
U.S
SEC
State Fire and Casualty Co
State Fire
Frank G. Buffam
Commercial Finance
John A. Masiello Jr
Maurice A. Minuto
Sea Island
N.Y
Royal National Bank of New York
Ated
Barry Galt
Tintair Inc
Ony
Ousmanilyational
Tintair
Comm National
A. L C
Jimmy J. Ryan
Community Na
North C Na
Smoky Mountain National Park
Nixon Winging His Way Toward Midway Island
President Nixon travels from El Toro Air Station for talks with South Vietnam's Nguyen Van Thieu on Vietnam war policy and a peaceful settlement. They will meet at Midway Island with briefings in Honolulu, addressing troop levels de Americanization and South Vietnamese forces taking more duty.
MENTIONED IN THIS ARTICLE
San Clemente
Calif
Nixon
Pacific
Ith
Thieu
Vietnam
Saigon
William P. Rogers
Midway
South Vietnam
U.S. Vietnam
Sen
J.W. Fulbright
Foreign Relations Committee
Johnson
Hawaii
United States
Kennebunk Man Arrested After Saco Break-In
Saco police report a Kennebunk man, 22 from a Portland Road address, arrested at gunpoint around 3 a.m. for attempted larceny at Bedell's Motor Sales. He faces charges in 10th District Court next week, free on $100 bail. A 16-year-old girl will face juvenile proceedings as an accessory.
MENTIONED IN THIS ARTICLE
Kennebunk
Saco
10Th District Court
Bedell
Portland Road
Earl Jamieson
Thomas Knox
Ries V. Tanner
Paches
Tanner Bdge
Tanner
Biddeford Teachers Weigh Two-Step Salary Offer
Biddeford Teachers Association in negotiations on a two-step wage increase from the Biddeford School Board. The first step runs Sept 1 to March 31 1970 with salaries by experience, the second from April 1 to Aug 31 1970 with higher rates. The offer covers salary only, excluding medical or sick leave, and a decision is expected next week.
MENTIONED IN THIS ARTICLE
Biddeford Teachers Association
Biddeford
Edward Radin
Radin
Romanian Leader Warns Communists at World Conference
Romanian Communist Party leader Nicolae Ceausescu warned that attacks from Paraguay and Poland against China threaten world communist unity at a Kremlin called conference. Gomulka condemned Beijing as border provocations risk war while urging unity among communist parties. Ceausescu urged parties not to condemn others and to keep class interests above disagreements.
MENTIONED IN THIS ARTICLE
Ofuiessin Red
China
Romania
Communist Party
Paraguay
Poland
Kremlin
Nicolae Ceasnescu
Wladyslaw Gomulka
Peking
Gomulka
Red China
Ceausescu
Teres
Waldeck Rocket
France
Budapes
Soviet Union
Ida
Middle East
Con- Pravda
V. Rumyantsev
Arab Liberation Movement
California Grapes Boycott Continues in Delano
Delano Calif AP as new grapes ripen Deserver and union members organize a second season of a hoped for nationwide consumer boycott of California table grapes Chavez leader of United Farm Workers Organizing Committee says Americans support the cause. Growers counter Chavez lacks majority backing and claim no severe harvest impact from boycotts or strikes. Chávez calls for elections and details worker pay and conditions while growers warn of strikes and migrant labor. The dispute splits communities and politics with mutual distrust and few signs of settlement as vineyards prepare for July picking.
MENTIONED IN THIS ARTICLE
Delano
Calif
Deserver
California
Chavez
United Farm Workers Organizing Committee
la Causa
DiGiorgio Corp
DiGiorgio
San Joaquin Valley
Antiunion
Lou Caratan
New York State
Kern County
South Central Farmers Committee
Also Mentioned on This Page
Kennebunk High School Alumni Association
Sea Spray Motor Inn
Joan Grace
John Grace
Grace
Westbrook Junior College
John Downing
Alumni Association
Elsie Flall
Bertha Lux
Louise Philbrick
Hazel Jellison
Minnie O’brien
Agnes Henderson
Shirley Jones
Helen Kierstead
Nena Page
Satiris Galahad Fassoulis
Lionel M. Reifler
Sanford E. Rafsky
Commercial Finance Corp
Buffam
Saco Hardware
Midway Island
White House
Thien
BTA
Caratan
Mexico
Ern County
Maine
Main Street
Lori
Penny Ridley
Christopher
Locke School
Lisa Labonte
Kathy
Carlene Legendre
Catherine
John Burke
UMC
Andreli
Orc
Ted Dyer
Old Orchard Beach