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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 11, 2002
Page
6
President Bush moves to enlarge the SEC’s 2004 budget to about 800 to 850 million and vows swift action against corporate wrongdoing. Nominee Bill Donaldson, former NYSE chair and cofounder of Donaldson, Lufkin & Jenrette, faces Senate confirmation amid reshuffled economic team talks.
William H. Donaldson was selected by President Bush on Tuesday to lead the Securities and Exchange Commission. He has held roles on the boards of Bright Horizons and EasyLink, led Aetna, chaired the NYSE in the early 1990s, and earned an MBA from Harvard after Yale. Born June 2, 1931, he served in the Marines and is a noted Wall Street figure with ties to the Bush family and Yale.
Gerry V. McCann of Tazewell Virginia was sentenced to six months in prison and three years of supervised release after pleading guilty to one count of money laundering. He solicited investors to fund a McCann Motors cash management account with Ford Motor Credit and used $351 333 11 from that account to bolster his dealership’s cash flow without investor consent. He instructed FMCC to liquidate the account on January 22 1998 and moved the funds to the McCann Motors operating account, defrauding investors of their funds. Judge James P Jones departed from guidelines citing McCann family health. restitution would return about 20 cents on the dollar.
West Virginia Attorney General Darrell McGraw issued 1.9 million dollars from a vitamin price fixing settlement with five multinational manufacturers. A 1 million dollars funded health programs, 155 thousand covered suit costs, and 845 thousand backed grants to 34 of 130 applicants via a seven member Vitamin Project Committee. McGraw personally delivered 22,153 to Big Creek People in Action and 25,000 to SAFE Inc. for abuse prevention.
Telegraphs Christmas drive in Corpus Christi receives corporate support with two checks from oil firms. Signups for children unable to attend City Auditorium events will be held this afternoon from 2 to 5 p.m. in the Daily Telegraph lobby. Frances Wayland directs the signup. Organizers for shopping meet Thursday at 4 p.m. at the Daily Telegraph. Mail donations to Daily Telegraph, 928 Bluefield Ave., Bluefield, WV 24701.
Fragmentary listing shows donations and memorials including Equilla Mack by Thomas Mack and multiple entities in Corpus Christi with small contributions. Other names appear garbled but indicate a local charitable or fraternal notices page.
Ben Paine leads a Mercer County effort to aid McDowell County residents with fuel purchases through the Highland Education Project. By Dec 1 the center served 37,544 free meals, many locals travel from nearby towns for meals, and officials warn funds are scarce. The FEMA mobile homes project uses propane heat, with 200 to 300 dollars needed per tank. Christmas events proceed with aid from Salvation Army and Toys for Tots. Contact Barbara Hawkins for details.
A local fundraiser listing shows donations including 25.00 for Genoa Park Central Reunion and 50.00 in memory gifts. Patrons express affection for John J. Crist Sr. and Buster while tributes name Elizabeth Cort and Minnie Crouch. Total to date reaches 3 340 00 in various contributions.
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