Indictments of Two Odessa Bankers Highlight FBI Probe
Former Odessa bankers Melvin Max Malone and unnamed co-defendant Tapp face federal indictments on charges of embezzlement and misapplication of bank funds. Malone allegedly misappropriated 451000 dollars and Tapp 384000 dollars from 1983 to 1984. Both men, now in Lubbock and Plano respectively, were to surrender to authorities as part of a widening investigation into banking practices in the Permian Basin.
MENTIONED IN THIS ARTICLE
Odessa
FBI
Permian Basin
Ron Butler
Midland
Melvin Max Malone
Malone
Tapp
Lubbock
Plano
Butler
Permian Bank and Trust
Metro Bank of Midland
John Edward Thomas
Metro Bank
Thomas
Texas Budget Vote Prompts $1.3 Billion Measure Passed
Washington reports Texas narrowly approved a $1.3 billion budget measure by 314 to 86, sending the bill to the Senate. The package includes a rapid $424 million from a seven year accruing trust fund and an estimated $350 million in royalties over a decade, while revenue splits shift lower.
MENTIONED IN THIS ARTICLE
Senate
Texas
Federal Loeffler
House
Mark White
Loeffler
UTPB funding in doubt as lawmakers weigh futures
House Appropriations Chair Jim Rudd indicated UTPB may face renewed scrutiny by a Select Committee for Higher Education. He suggested the panel may test whether UTPB is needed or should be closed to free funds for other UT system universities. Rudd spoke at the Odessa Petroleum Club.
MENTIONED IN THIS ARTICLE
University of Texas
Permian Basin
House Appropriations Committee
Jim Rudd
UTPB
Rudd
Brownfield
Correction on ferrochrome use at Woolley Tool plant
The manager of Woolley Tool & Manufacturing at 5621 Andrews Highway said ferro chrome, not chromium, is used in a pene ned article. The Wednesday piece discussed federal cleanup efforts at Chromium 1 near West 44th Street and Brazos Avenue in connection with groundwater issues.
MENTIONED IN THIS ARTICLE
Woolley Tool & Manufacturing
Andrews Highway
Odessa
Bob Dickerson
West 44Th Street
Brazos Avenue
Undertaker known for plugging wells amid oil boom
George Montgomery describes a surge in oil field work with plug jobs up, while well workovers are often canceled due to unrecovered costs at current prices. He notes demand rose at least 100 percent in three to four months, though he has not hired new staff. Mooch Bates is listed as owner.
MENTIONED IN THIS ARTICLE
George
Montgomery
Wells
W.D
Mooch” Bates
South Africa lifts seven month state of emergency
South Africa ends a seven month state of emergency as President Botha signs the proclamation. About 330 detainees are released though security forces retain broad powers. CBS News staff are expelled from the site with appeal time granted. Activists across the country vow to resume anti apartheid efforts.
MENTIONED IN THIS ARTICLE
Johannesburg
South Africa
South
P.W. Botha
Law and Order
Louis le Grange
Steve van Rooyen
National Police
Pretoria
CBS News
CBS
William Mutschmann
Allen Pizzey
Wim de Vos
Gabu Nenenya
Also Mentioned on This Page
Bankers
Washington
Bates
S. Africa
Ngwenya
Soweto
Ngenya
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