West St. Paul mayor accused of $1.3 million fraud
U.S. SEC alleges West St. Paul Mayor Ken Kube improperly obtained about $1.3 million from 55 investors in his insurance and securities business and used funds personally. He repaid some, about $500,000 remains owed, and only $31,762 stays in two accounts. Kube says he will not resign and disputes the fraud claims. Century Companies of America audits prompted the SEC inquiry and may pursue criminal charges.
MENTIONED IN THIS ARTICLE
West ST. Paul, Minn
West St. Paul
U.S. Securities and Exchange Commission
Ken Kube
St. Paul
Kube
Twin Cities
George Serdar
SEC
Southeast Iowa farm research center to test tomatoes and crops
The Southeast Iowa Research Center at Crawfordsville plans to grow tomatoes alongside corn soybeans oats and alfalfa. Don Sheetz says nearby Heinz in Muscatine supports tomato markets while researchers study upland soil tomato production. The 198 acre site was bought for 290000 by SE Iowa Agricultural Research Association.
MENTIONED IN THIS ARTICLE
Southeast Iowa
Crawfordsville
Don Sheetz
Washington
Sheetz
Heinz
Muscatine
Fruitland Experiment Station
Muscatine County
Russell Swenson
Cedar Rapids
Swenson
Iowa
Washington County
Southeast Iowa Agricultural Research Association
Japan official impressed with quality of grain from Iowa farm
Gene Lucht reports Shohei Ishikawa president of Japan’s Zennoh toured Craig Griffieon’s Ankeny area farm praising Iowa producers for high quality grain. He noted Zennoh’s 25 year US trade, 1000th shipload through New Orleans, and 40 million metric tons handled. Griffieon farms, southeast of Crawfordsville, were highlighted amid ongoing Southeast Iowa Agricultural Research Farm fundraising and June field day plans.
MENTIONED IN THIS ARTICLE
Ishikawa
Japan
National Federation of Agricultural Co-operative Associations
Zennoh
United States
Iowa
Ankeny
Craig Griffieon
Griffieon
Polk County Farm Bureau
U.S
Noh
New Orleans
Grifficon
Spencer Insurance Agent Loses License Over Premium Handling
Spencer insurance agent Mike Hallett had his license revoked by the state amid allegations he took customers premiums for his own use. Deputy state insurance commissioner Tony Schrader said the action stems from improprieties dating to February 1984, including claims from a Paullina trucking firm alleging Hallett misapplied premiums to cover a claim. Hallett declined comment and said he entered a different line of business.
MENTIONED IN THIS ARTICLE
Spencer
Mike Hallett
Tony Schrader
Iowa
Schrader
Paullina
Hallett
Innocent plea entered by Faulkner and six others in Texas
Six people including multimillionaire developer D L Faulkner pleaded innocent before U S District Judge Joe Fish in Dallas on charges of conspiracy and fraud in a 500 million S L scheme tied to land and construction loans for condo projects near Lake Ray Hubbard Garland. Trial set for Dec 14. James L Toler and Spencer H Blain Jr also arraigned. Kenneth Earl Cansler Paul Arlin Jensen and two real estate appraisers were indicted. Grand jurors say Toler may have netted 38 million Faulkner about 40 million.
MENTIONED IN THIS ARTICLE
Dallas
D.L
Danny” Faulkner
U.S
Joe Fish
Faulkner
Texas
Arkansas
Arthur G. Formann
Paul D. Tannehill
Fish
Toler
Also Mentioned on This Page
Securities and Exchange Commission
Commission
Anita Nagler
Jerome Arnold
al Swegle
Farm News
Gene Lucht
Shohei Ishikawa
Southeast Iowa Agricultural Research Farm Board
Iowa State University Ag Foundation
Association
Federalt Insurance Corporation
FDIC
Federal Wings and Loan Insurance Corporation
FSLIC
the Center
2Nd St. SE
Shearson Lehman Brothers
American Express Company
THE
Serious Investor
Akson LehMan Brothers Inc
Foster de Maxstract Inc
Tie Ropivson l
Tusrimey Company
Arenson
Mercedes-Benz
Volvo
Mercedes
Areason
Center Point Road
Arenson Imports
Mid-America Motors
A.pr
FILIC
Ameiican Federal
Equal Housing Lender
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