Ford Overpaid Premiums Mapped to Bermuda Accounts
Senate testimony alleges Ford Motor Co overpaid premiums to a Boston broker and funneled excess funds into tax free Bermuda accounts via Trans Global Insurance and later Transcon Insurance. Philip M. Wilson, a former insurance and securities figure, testified under immunity that executives could access the funds, while Ford denied any overpayments or use for personal executive gains. Wilson outlined broader fraud activity across firms, describing offshore arrangements and fake banks connected to various countries.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford Motor Co
Bermuda
Ford
Senate
Philip M. Wilson
Permanent Investigations
Boston
Trans Global Insurance Co., Ltd
Hamilton
Wilson
St. Louis
Justice Department
Boston Insurance Agency
China
Poland
Soviet Union
Farmers Insurance selects Tea at the Ritz parade theme
Farmers Insurance Group announced Tea at the Ritz as the theme for its float in the 85th Tournament of Roses parade on New Year's Day. Don Mitchell of the Sandpoint office said the float will depict a late Edwardian tearoom scene with a debutante queen chosen by a national contest for unmarried women aged 18 to 25. The queen wins an all expenses paid trip to Pasadena and Hollywood. entry blanks are at local offices. contest closes October 15, 1973.
MENTIONED IN THIS ARTICLE
Farmers Insurance Group
Ritz
Don Mitchell
Sandpoint
San Francisco
New York
London
Paris
Progres
Mel's Country Inn Promises Down-Home Dining At Athol
A vivid ad promotes Mel's Country Inn in Athol Idaho at Farragut Junction offering a large cast iron pot of home made soup and a complete imaginative menu with sizzling steaks seafood and country style dishes. The ad highlights down home friendliness and mentions a phone contact 683-9314.
MENTIONED IN THIS ARTICLE
Mel's
Country Inn
Athol
Idaho
Farragut Junction
Sextuplets Battle Lung Disease in Denver Hospital
Three of the Stanek sextuplets fight a fatal lung illness while two others are in fair condition and one remains good. Julia, the youngest, died from hyaline membrane disease after premature birth. Doctors report guarded prognosis as the babies receive care and feeding via mother’s milk or sugar water.
MENTIONED IN THIS ARTICLE
Denver
UPI
Stanek
Edna Stanek
Julia
Eugene Stanek
Tibor Engel
Catherine
Nathan
Stephen
Engel
Jeffrey
John
FDA Criticized Over Sloppy Oversight of Experimental Drugs
A GAO study for Senator Ribicoff found the FDA allowed eight of ten tested experimental drugs to proceed to 4,555 patients despite unsafe animal results including cancer. Delays in reporting adverse effects endangered patients. cataract development appeared in some dogs and possibly in humans. Additional animal tests and prior approval for human trials were urged.
MENTIONED IN THIS ARTICLE
Washington
UPI
Food and Drug Administration
FDA
Government Accounting Office
GAO
Sen
Abraham D. Ribicoff
Dconn
Government Operations Committee
Ribicoff
Julie Nixon Eisenhower Defends Estate Safety Changes
Julie Nixon Eisenhower said most expensive presidential estate changes were for safety and rejected claims that Nixon benefited financially. She noted about 10.5 million dollars was spent on renovations at San Clemente and Key Biscayne, stressing security burdens and public skepticism about Watergate.
MENTIONED IN THIS ARTICLE
Washington
UPI
Julie Nixon
Eisenhower
Presidential Estates
Nixon
White House
San Clemente
Calif
Key Biscayne
Fla
Capitol Hill Club
Secret Service
Key Biscaine
Julie
Also Mentioned on This Page
Sandpoint Motor Co
Sandpoint Motors
Mongolia
Moscow
Farmers Selects
the Daily Bee
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