Florida land investment fraud charges eyed
Florida officials and federal investigators pursue a securities swindle tied to land investment notes backed by fraudulent bonds. The scheme, possibly involving Mafia connections, could affect about 600 investors and exceed 950 million dollars in losses, with ties to cases in Arizona and Canada. A court-ordered trustee handles 8 million dollars of Equitable Development Corp. investments.
MENTIONED IN THIS ARTICLE
Tallahassee
Fla
UPI
Florida
Robert Shevin
Gerald Lewis
Lewis
Canada
Arizona
TLE
Rummel
Securities
arrangerMeue
Equitable Development Corp
Fort Lauderdale
Decksonville
Orlando
Brown signs curb to oil allowance
Governor Edmund Brown Jr signed the oil depletion tax allowance repeal AB 1177, ending a $43 million annual writeoff for major California oil firms as a sign of California’s new spirit. The measure, backed by Assemblyman Bill Lockyer, passed after years of Democratic effort amid GOP opposition. Brown noted the symbolic shift and cited a progressive legislature.
MENTIONED IN THIS ARTICLE
Brown
Sacramento
Edmund Brown Jr
California
Senate
Assembly
Brown pick to insurance board backed
SACRAMENTO The Senate Rules Committee approved Gov. Brown's nomination of Westley J. Kinder as state insurance commissioner despite accusations he would favor the industry. Francis Barrett Jr. of San Francisco claimed Kinder bias stems from long industry ties and a prior two year deputy role in the Reagan administration.
MENTIONED IN THIS ARTICLE
Sacramento
UFH
Senate Rules Committee
Brown
Westley J. Kinder
Kinder
Francis Barrett Jr
San Francisco
Barrett
Also Mentioned on This Page
Bill Lockyer
San Leandro
Brown (Ook
Los Angeles
Ronald Reagan
Lockyer
Reagan
Insurance Board
Bielphort
Sibiraml
Bravelecc
Turquaise
Brace Reg. Soo
Siam
Long Beach
Atlantic Whittier
Philadelphia St. Santa Ana
Redondo Beach
South Bay
Trevira
Marty Gutmacher
Pesteledi Rochelle
Dickey
Long Bear
Lxniler Ar
Latkensiud
Newson
Laguna Uilis
Wesmirinor
Trevica Kareg
Pinerg
Tari
UIA
Quign
Banta Ane
Pomona
la Habre
Wester Linem
Padlini
Colin
Marina
Ta Long Beach
Senys Ana
Pomero
San Diego
Bang Baath
Santa Anc
la Haba
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