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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 14, 1970
Page
2
A federal grand jury indicted eleven defendants on securities fraud charges. The indictments allege misrepresentation and unlawful trading practices related to securities offerings. Court records show multiple co conspirators named alongside the defendants.
Federal prosecutor in Miami says a sealed indictment unsealed by a grand jury names 11 defendants from Massachusetts Florida and New York tied to a scheme to steal and launder $43 million in securities via postal pouches. The case involves Can Giano brothers and others alleged to have obtained securities in New York and used them as loan collateral in various cities amid conspiracy charges. The document notes potential fines up to 10000 and prison terms up to five years for conspiracy.
James H. McGee, a longtime NAACP activist in Dayton, faces criticism as too moderate at a youth conference. The lawyer leads civil rights efforts, once challenging City Hall over hiring discrimination and guiding an NAACP-Urban League committee.
A Dayton, Ohio, mayoral candidate and attorney McGee urged that the youth assembly hear all sides. He faced objections over speaking rights as delegates aligned with leftist groups and U.S. delegates clashed with calls for more open discourse. McGee, a NAACP ally, outlined his background from Steubenville to Wilberforce and his years fighting racial inequality.
First National Bank in Dallas and Associates submitted the lowest bid of 3.25 million dollars in general obligation bonds for Western Texas College in Snyder. Interest rates ranged from 6.1111 to 6.2787 percent across five bids. The repayment schedule spans 154 years with a pre bid conference set for August 3 and bid plans issued August 10 for a September 10 bid opening.
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