26 May 1994
Page 1
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Newspaper
Mesa Tribune
Location
Mesa, Arizona, United States of America
Date
May 26, 1994
Page
1
A brief item notes that progress has lagged in recognizing a link, with several figures and data points referenced but not fully clarified. The report highlights hesitation among observers to interpret the numerical evidence and calls for clearer analysis and communication of the underlying relationship.
Gov. Fife Symington announces a $210 million federal suit settlement with the RTC and former Southwest Savings and Loan directors. The RTC will receive about $12.1 million from Daniel Ludwig estate funds. no payment by Symington is required. DOJ criminal probe continues, separate from the civil case.
The federal Resolution Trust Corp settles the 1991 suit against former directors and officers of Southwest Savings and Loan Association for $210 million. Symington faces no payment or admission of wrongdoing. The deal does not clear him of possible criminal charges or investigations.
Oregon officials call Friends Network an illegal pyramid scheme expanding across the United States into Arizona and the Valley. Hundreds have been drawn by promises of an easy 12 000 dollars, with members urged to recruit others by gifting 1500 dollars to earlier entrants. The program claims a tax free 10500 return, though regulators pursue action in Oregon.
In Randallstown Maryland a vacationing neighbor’s alarm has produced a five day continuous screech. Neighbors report sleepless nights and seek relief as police find no noise violation and the power company cites liability. The resident is away until the weekend at the earliest.
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