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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 15, 1977
Page
6
Lewis F. Stelton Janes M. Darrough and John J. Derry face 50 counts each of securities violations conspiracy and felony theft in a scheme that allegedly defrauded 19 early investors of 200000 and 634000 from 1600 Illinois farmers as losses totaled 3.8 million across ten states.
Investigative reports detail Missouri based Progressive Farmers Association and related co-ops that lured farmers with estate builder plans and high commissions. Promoters used complex structures to bypass securities rules, triggering lawsuits in multiple states and civil actions. Federal probes, bankruptcy rulings, and indictments follow, with losses running into millions as farmers were promised wholesale prices while funds funded promoters and management fees.
Liz Bailey, a 23 year old blind Buffalo native, works at New York's Department of Motor Vehicles using the Opticon device to read letters by fingertip vibrations. She types about ten letters daily with accuracy praised by her supervisor, and credits faith in God for her success.
In Columbus, a partisan fight over an instant voter registration bill pits Democrats and labor against Republicans led by Ted W. Brown. The plan aims to register and enable voting on election day to boost Democratic odds, with a referendum to overturn the law possibly timed for a future general or off-year election.
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