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Newspaper
Mesa Tribune
Location
Mesa, Arizona, United States of America
Date
May 27, 1994
Page
1
A surge of investors who gave $1,500 gifts amid an invest ment network claim they want their money back. The program, described by authorities as an illegal pyramid scheme, prompted warnings in Oregon and other states as law enforcement has acted against Friends Network and similar programs.
The RTC says Symington and other defendants in the 1991 December lawsuit did not admit wrongdoing in the accord. The agency settled about 300 million in claims for 12.1 million, a figure Steve Katsanos calls the best recovery possible at trial. The estate of Daniel Ludwig covers the tab, with taxpayers receiving over 12 million in relief.
About 30 demonstrators from Valley groups blocked entry to the 12th Border Governor's Conference at the Arizona Biltmore arguing anti immigrant bias. Tonatierra leaders accuse Arizona and California leaders of pushing immigration changes that would limit educational rights for children of illegal aliens. They cite state costs and call for recognizing Mexican labor as a key NAFTA issue.
Motorola Inc announced plans to build a research and development center and expand chip production at its Tempe semiconductor plant, adding about 200 jobs at the Elliot and Price roads complex over the next few years. The move comes as Valley producers increase capacity amid booming demand for microchips used in PCs and phones, with Motorola also expanding Mesa and McDowell Road facilities while Intel builds a new wafer plant in Chandler.
Two 3 and 4 year old girls playing with matches touched off a blaze at Sun Air Mobile Home Park in Tempe. The fire destroyed two trailer homes, damaged a third, scorched rubbish and a tree, and caused burns to a firefighter. Estimated loss was $30,000. neither trailer was insured.
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