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Santa Ana Orange County Register Newspaper Archives Apr 21 1990, Page 1

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Santa Ana Orange County Register (Newspaper) - April 21, 1990, Santa Ana, California Business by design accent sports Busine a basics in practice running a professional shop/c1old ii ouse Vaices on new Ionica makeover in historic Range Eia love affair to remember restoration puts Man to the test/f1kings fail to oilers Edmonton goes up two games to none behind goaltending/d1twins 13, Angels 1 astros 4, dodgers 2 the county is a april 1990junk-Bond King agrees to $600 million Fine the new York times new York Michael r. Milken the financier behind the quot junk Bonds quot used to pay for Many big corporate takeovers in the 1980s, agreed Friday to plead guilty to six charges of securities fraud and pay $600 million in fines people who have been briefed about the decision said. The settlement Between Milken the former head of the junk Bond department at the defunct Drexel Burnham Lambert inc., and gov Disney Park May include rail 4 hotels joint ticket with Disneyland possible by Jeff Rowe the Register Walt Disney co s proposed Disney seas aquatic theme Park in Long Beach could include As Many As four hotels and a Monorail that would run through its leased property company officials said Friday. The project might include a a orking Marine lab an exhibit depicting life in the Ocean before Man arrived on Earth and other educational exhibits. Purely entertainment attractions aie planned too said David Malmuth Disney s director of development for the project. Quot we re going to try out some new things quot he said cautioning that quot All plans Are in a state of details of the proposed Park have been leaking out since Disney began a series of meetings late last year with Long Beach City officials. The company expects to have plans for the Park Complete by july. As envisioned by Disney the Monorail would Cross the los Angeles River Inlet at the Queens a quot Bay Bridge and continue an the existing land South of the quit. Mary. But it would Stop Short of linking directly with the Light rail terminus in Long Beach and the Long Beach 1-710 freeway said a spokesman for Burbank based Disney. , trams or other conveyances probably would connect the Monorail with the rail station and parking lots which will have multiple decks Malmuth said. To encourage customers to visit Disneyland and Disney seas a combined ticket is being considered he said. Adult admission at Disneyland is $25.50 at the Queen Mary flying boat Complex it is $17.50. A number of shareholders at the company s annual meeting in february complained about the Disneyland admission Price which has risen several times in recent years. Also under consideration in Long Beach moving the Queen Mary slightly to the North to allow a less obstructed Ocean View from one of the proposed hotels and utilizing the Howard Hughes flying boat As please see Disney/24 ern ment prosecutors is an agreement in principle and must be approved by a court next week. But if As expected the agreement is made final it would end the largest criminal Case in Wall Street history. Milken has been at the Center of the inquiry that began in 1986, when Ivan f. Boesky the former Stock Speculator agreed to Settle insider trading charges pay a Fine of $100 million and provide evidence about other wrongdoings on Wall Street. For More than three years Milken vigorously maintained his innocence. Milken 43, was one of the Best known figures on Wall Street Over the past decade. He was the most highly paid financier in history personally collecting More than $1.1 billion Between 1983 and 1987 from Drexel while earning income from other investments As Well. Under the agreement Milken will not plead guilty to any charges of racketeering or insider trading. Rather the charges will focus on fraudulent activities involving the trading of securities. In pleading guilty to six lesser charges Milken appears to have avoided the much longer prison sentence that would have been Likely had he been convicted of the harsher counts of insider trading and racketeering. Last March Milken was charged on 98 counts of racketeering securities fraud mail fraud and other crimes. Had Milken been convicted of racketeering he could have been sentenced to As much As 20 years in prison and have been forced to forfeit most of his wealth. Lawyers in the Case expect Milken to serve five years or less. The disclosure of Milken s decision came on the eve of a deadline set by prosecutors to bring an additional round of criminal charges against him. Prosecutors told Milken s lawyers that if the financier did not Settle the original indictment Fri what s wrong with this picture it s All fun and games for Little to Phong Priam As he looks for his friends while playing among four mannequins at the Anh Minh fabric store in Ana Venegas tho Register Westminster s Little Saigon on Friday. The 3-year-old preschooler is from Westminster where his father owns a store. Day the additional charges would be filed. The Deal will also end the government s Case against Milken s brother Lowell. Michael Armstrong who is Lowell Milken s lawyer declined to comment. It was not immediately Clear whether the Case against Bruce l. Newberg a former Drexel trader who was indicted along with Milken also would be dropped. For More details see Page 25. Lithuania ponders Deal Wiltil Moscow by Bill Keller the new York times Moscow a As the Kremlin tightened its economic squeeze on Lithuania on Friday the president of the Republic said his government would consider a moratorium on full Independence As part of a Deal with Moscow. President vytautas Landsbergis said in a Telephone interview Friday night that Moscow had floated a proposal to suspend Lithuania s declaration of statehood for two years As the basis for negotiations. While the lithuanians contemplated concessions Moscow reportedly extended its economic embargo of the rebellious Republic by curtailing deliveries of metals Wood tires and sugar and by scuttling joint venture investments planned there by three japanese companies. Soviet troops also tried to seize a printing Plant in the capital Vilnius. Landsbergis said the Republic would not agree to revert to the authority of the soviet Constitution but that a freeze on putting Lithuania s Independence Declara please see Lithuania/24 a reprisals Bush prepares to order punitive actions/23 Ysuf football player says he was t involved in fight by Robert Chow and Erik Bucy the Register a California state University Fullerton football player shot by a Rookie off duty police officer outside a nightclub said Friday that he was the victim of mistaken identity. Quot i was t fighting him the officer. I Don t know where the hell he got that from quot said Clarence Siler 23. He spoke from his Hospital bed in the intensive care unit at the Uci medical Center in Orange where he is recovering from gunshot wounds to his Back and right wrist. Quot he had to think i was someone else quot Siler said. Fullerton police charge that several Ysuf football players attacked off duty Pasadena police officer Darin Mcbride in the carnivale club parking lot about 2 . Thursday As he attempted to break up a fight Between his Girlfriend Jerine Voss and another woman Denise Hernandez. Michael Pringle 22, who led the Mcaa in Rushing last year and Andrew fears 21, a Junior College Transfer were arrested and charged with aggravated assault for attack please see football/24 Paul Kuroda tho Register Tiffany Boyd of Orange visits Clarence Siler a Csc football player shot in a bar fight. Of team begins bid for National title Laguna Hills confident after first Day of us academic decathlon by Linda Stewart the Register Des Moines a the crumpled bag of doritos held More air than chips. Nine empty Pepsi bottles lined the Dresser and the doughnuts were almost gone. After three evenings of late night study sessions in hotel rooms so Messy the maids were afraid to enter California s academic decathlon team from Laguna Hills High school was running out of brain food. Fortunately Orange county s first team to win the state contest h had just enough mental Reserve to see it through the first Day of a grueling three Day National Scholastic Competition that began Friday in America s heartland. A huh Iowa. Drizzling overcast and humid. No distractions from their books in Des Moines. Quot this town shuts Down at 6 p.m.," grumbled California s team Captain Jeff Mccombs 18, of Hills As he gazed out his hotel room window. Quot there s More traffic on Eltoro Road than this place gets in a More than 350 students from 38 states and the District of Columbia descended upon Iowa s capital for the us academic decathlon this weekend. By late Friday afternoon after they delivered their prepared and Impromptu speeches gave seven minute interviews and completed their essays in the allotted hour the Young men from Laguna Hills underwent a miraculous change. Beyond the loud to shirts and shorts they were smiling and optimistic again. "1 did awesome quot Julian Kingston 17, said. "1 think we All did very Well and Are feeling very confident quot said please see academic/24 inside a news today/2 state/3 a metro weather/4 obituaries/13 a business a sports a by design of accent religion/7 television/8-9 comics crossword amp horoscope/10-11 a real estate a Home finder a classified crossword/7 Lay minister s killer gets death sentence a 1990, the Orange county Register 18 sections 230 pages classified 558-3311 sports line 953-7723 circulation customer service 972-9800 other phone numbers/a2_ weather/delails/b4 mostly Cloudy with a slight Chance of showers. Partial Clearing this afternoon. Coast 67/54 Inland 72/55 by Kristina Morton the Register Torrance a crips gang member who three years ago robbed a Santa an i minister and then pumped two bullets into the Man s forehead As he lifted his hands in prayer was sentenced i quot i Day to die in the Gas chamber. Tracy Lavell Carter 21, tapped his White Tennis shoes on the courtroom floor and rocked in his chair while a judge condemned him to die. But As he was led away he burst into tears and cried out to his family "1 love you Carter s Mother aunts and toddler cousins sobbed on one Side of court while the family of David Thompson the slain minister Rose slowly from their seats on the other. Quot he deserved it. If it had been anything less i would have been devastated quot said Catherine Thompson the dead Man s Mother. Quot he who liveth by the sword shall die by the sword. He took my son in l quot riday s court hearing los Angeles Superior court judge Jean e. Matusinka denied defense Picaso see sentence/24

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