Scottsdale diamond firm under probe by agencies
The investigation centers on DeBeers of Scottsdale and its diamond investment claims. Regulators cite misleading buy-back promises and lack of proof of ability to honor guarantees while noting no formal dismissal of the cease-and-desist order.
MENTIONED IN THIS ARTICLE
Miller
DeBeers
Michigan
Scottsdale
DeBeers Diamond Investment Ltd
DeBeers Diamonds Investments
Hugh Makens
Corporations and Securities Bureau
Michigan Department of Commerce
Progress
Dee Harris
Bureau
Makens
Douglas R. Carlson
Iowa
Key figure in DeBeers firm tied to past fraud schemes
Harold McClintock, brother-in-law of Alois Geiger, pivotal yet unnamed in DeBeers Diamond Investment sales literature, has a long record. Convicted in 1967 of defrauding the Disabled American Veterans of $2 million, fined $15,000, and placed on five years probation. He later incorporated U.S. Silver Co. of Arizona, an incorporator of DeBeers, while facing SEC action in 1971 and FBI inquiries over a $150,000 to $200,000 silver theft allegation.
MENTIONED IN THIS ARTICLE
Alois Geiger
DeBeers Diamond Investments Ltd
Harold McClintock
Harold Sager
New York City
McClintock
U.S
Chicago
DeBeers
Donald J. Shure
Shure
DeBeers Diamond Investment Ltd
C. van Haaften
Phoenix Better Business Bureau
BBB
Joel Windman
Jewelers Vigilance Committee
Scottsdale
Los Angeles
Federal Trade Commission
Windman
United States Silver Co
Joel Shapiro
Phoenix
Miller
Progress
Sun Homes
American Cablevision Leasing
Securities and Exchange Commission
Progressive Investment Corp
Securities and Exchange Act
Federal
DAV
World Wide Missions
Culver City
Calif
Spiral Enterprises
International Mint
World Mint
U.S. Silver Corp
U.S. Silver
Office
Federal Bureau of Investigation
McCttock
California
FBI
United States
DeBeers Ties Denied by Scottsdale Diamond Firm
Geiger of DeBeers Diamond Investment Ltd says there is no affiliation with DeBeers Consolidated Mines Ltd of Africa, despite brochures describing a cartel and market control. He notes the New York DeBeers and DeBeers Diamond Ltd entities are separate, with the Scottsdale firm supplying some clients.
MENTIONED IN THIS ARTICLE
Ltd
DeBeers Consolidated Mines, Ltd
South Africa
London
DeBeers Consolidated
DeBeers Diamond Investment Ltd
Scottsdale
DeBeers
Alois Geiger
DeBeers Consolidated Mines Ltd
Africa
Geiger
DeBeers Diamond Investment Cartel
DeBeers of
New York City
DeBeers Ltd
DeBeers Diamond Ltd
New York
Jerry Peppercorn
Livestock Key to Boost in Food Prices This Year
USDA officials say retail food prices may rise 4 to 5 percent in 1976 if grain situation and livestock production hold. Midyear increase projected around 2.5 percent, with weather and exports affecting feed costs and meat, poultry, dairy supplies. The grain export outlook and livestock reaction will shape the pace of inflation in food prices.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Summers
USDA
U.S
Artifacts Destroyed in Blaze at State Fair
A trailer holding original de Anza expedition artifacts burned at the State Fair in Phoenix. Loss estimated at six to seven thousand dollars with higher artifact value possible. Owner Joe Blankenship of Tucson en route to assess damage. Fire officials pending cause, whether wiring fault or arson. James Hassinger of Tucson reported hearing a pop and seeing a flash while inside the trailer. He had been cleaning it before the 2 p.m. opening.
MENTIONED IN THIS ARTICLE
Phoenix
Department of Public Safety
Joe Blankenship
Tucson
James Lee Hassinger
Also Mentioned on This Page
Scottsdale Diamond Firm
Carlson
Jewelers Vigilance Committee, Inc
Washington, D.C
Vigilance Committee
DeBeers Diamond Investment Limited
FTC
State Attorney General’s Office
Attorney General's Office
Economic Protection Division
Attorney General’s Office
Joseph Battaglia
Valley
Clinton H. McClintock
Sandstone
Minn
Safford
Ariz
Bombay Bicycle Club
Arthur Murray
6Th Ave
Denture Service and Family Dentistry
Indian School Rd
Habla Espanol
Gordon Ledingham
S. Kolb
Mesa
Macdonald St
Mesa Theatre
Blaze
Scottsdale, Arizona
Ramada
Scotts
Main Street
Mesa, Arizona
Sir George's Royal
West Main St
Paradise Valley
Arizona
First Universalist Unitarian Church
E. Lincoln
2Nd St
SnowEnders Inc
Phillipsburg
New Jersey
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