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Penn Central Chief Financial Officer Accused in 4 Million Diversion
A House Banking Committee staff report finds gross negligence by Penn Central's chief financial officer enabled a Liechtenstein financier to divert about $4 million. The probe covers 1969 transactions involving David Bevan and Fidel Goetz, with funds borrowed to rehabilitate railroad equipment and manipulated by executives and Liechtenstein trustees.
MENTIONED IN THIS ARTICLE
Washington
Penn Central
House Banking Committee
David Bevan
Fidel Goetz
Penn Central Trustees
Joseph Rosenbaum
Francis
Goetz