Equity Funding scandal shocks Wall Street and publics
The Equity Funding Corp. of America swindle spans two years with bogus insurance policies. Regulators and auditors missed the scheme while profits and stock values plummeted. The affair drains confidence in stocks and insurance holdings, with millions at risk and several subsidiaries implicated.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall
Stock Exchange
Los Angeles
Chicago
Washington
Beverly Hills
Raymond L. Dirks
Fred Mauck
Illinois Department of Insurance
Monte Gordon
Dreyfus Fund
Arthur Milton
Dirks
Mlinois Insurance Department
Wall Street
California
Life Insurance
Stanley Goldblum
Fred Levin
Goldblum
Levin
Equity
S&l
NYSE
Goldblum and Associates
Equity Funding Life Insurance Company
First National
Wells Fargo
Bank of North America
Franklin National
U.S
Life Insurance Institute
Bankers National Life of New Jersey
Northern Life Insurance Co
Brander Buys A-1 Answering Service in Phoenix Move
The Brander Corporation led by Alan B. Brander acquires A-1 Answering Service in Phoenix, adding Camelview and Camelview Secretarial Service to its holdings. The firm plans Telepathher equipment, positioning A-1 as a leading metropolitan Phoenix service alongside Camelview. Majorie H. Brander will head the new operation.
MENTIONED IN THIS ARTICLE
Alan B. Brander
Brander Corporation
Scottsdale
A-1 Answering Service
East Turney
Phoenix
Peggy Davies
Virginia Liddle
Camelview Answering Service
Camelview
A-1
Brander
Majorie H. Brander
Beverly Hills
Calif
Mrs. Brander
Resignations and new appointments in Arizona business circles
Edward H Peplow Jr of Scottsdale resigns as executive secretary of the Arizona Mining Association effective April 1 to devote himself to Arizona writing and PR consulting. Duelco Manufacturing names new corporate officers headed by John D Kingery and Eugene G Shaheen. Sherry J Karakey becomes secretary. E R A Inc appointed as New York sales rep for Dickson Electronics in Scottsdale covering parts of New York and New Jersey. Robert H Hancock named district manager for The Brookman Company Phoenix office. Vaughan Walls division head Gordon Follett named manager.
MENTIONED IN THIS ARTICLE
Edward H.peplow Jr
Scottsdale
Arizona Mining Association
J.K. Richardson
Peplow
Association
Arizona Highways
Outdoor
Arizona
Phoenix
Duelco Manufacturing of
John D. Kingery
E. Vernon
Eugene G. Shaheen
Calle la Paz
Paradise Valley
C. Peter Sperekas
Paradise Valey
Sherry J. Karakey
N. 87Th Street
E.R.A. Inc
Great Neck Road
Great Neck
New York
Dickson Electronics Corporation
Charles G. Smith
Long
Robert H. Hancock
Brookman Company
San Francisco
Vaughn Walls
United States
Australia
Vaughan Walls, Inc
Los Angeles
Gordon Follett
Vaughan Walls
Brooks Mancini
Lower meat prices may come, but not for a year
Tucson reports University of Arizona economist Dr. Elmer Menzie says meat prices will ease only after 1974 as production rises and supply and demand balance. He notes calves from 1972 heifers won’t reach market until 1976, delaying any price drop.
MENTIONED IN THIS ARTICLE
Tucson
UPI
University of Arizona
Elmer Menzie
Menzie
Scottsdale Daily Progress Business Update
Scottsdale business desk reports on Agee holdings and daily market movement in early Tuesday sessions. Trade activity centers on local firms in Phoenix metro area with callouts to Scottsdale ventures and sector shifts.
POWs to be honored at Arizona Industries dinner
Returned prisoners of war will be guests at the Arizona Association of Industries dinner at Camelback Inn. The seventh annual event, titled Support Industry and Keep Arizona Paychecks Growing, names Miss Arizona Industry from three state universities and features Fred Graham, KOOL host Bob Davies as emcee, with performances by Break down and Jim Dunham.
MENTIONED IN THIS ARTICLE
Arizona
Arizona Association of Industries
Camelback Inn
Tom Frankovic
AAI
Nancy Gaphardt
Scotts
Bob Davies
KOOL
Jim Dunham
Southwestern Studios
Scottsdale Chamber Forum Topics Announced For April
The Scottsdale Chamber of Commerce lists Friday morning topics for the month. The Papago Freeway issue heads the lineup with the latest developments. Dr. Carolyn Gerster, noted antiabortion advocate, will discuss changes in U.S. abortion policy. Meetings start at 7:30 a.m. at chamber offices.
MENTIONED IN THIS ARTICLE
Scottsdale Chamber of Commerce
Papago
Carolyn’ Gerster
U.S
Chamber
SRP Manager to Describe USSR Impressions at Scottsdale Event
R J McMullin Salt River Project general manager will give impressions of the Soviet Union and its people at a 6 pm dinner meeting of the Scottsdale Area Chapter of the National Association of Accountants at the Holiday Inn Tempe. He helped lead an 11 member task force that toured key power facilities with Ellis Armstrong.
MENTIONED IN THIS ARTICLE
R.J. McMullin
Salt River
Soviet Union
Scottsdale Area
National Association of Accountants
Holiday Inn
Tempe
McMullin
U.S
Western Energy Supply and Transmission Associates
WEST
Southwest
Denton K. Swartwout
Scottsdale Community College
Allan Williams
Mesa Community College
George Moon
Maricopa
Also Mentioned on This Page
Desert Noontimer
Wanda Daniels
E. Wilshire Drive
Maureen O'Hanlon
Daniels
Gar Kelly
Pauline Hardaway
Roberta Butler
Mining Association
Sperekas
Mrs
Karakey
Central Avenue
Camelback Road
32Nd Street
yeureOe
Gnay Nod Ey Jaye
Artrodwa Woodueyy
Robert K. Thompson Business Management
Camelback Rd
Southern Arizona Bank
Rfdi
Agee
Scottsdale Daily Progress
Ril
Cofc Forum
SRP
Los Gatos
McDowell Mountains
Carefree
3Rd Ave
Anzona
Pinnacle Peak Rd
Pima Rd
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