Word: receivershipped
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...profit from the $1.8 million sale of his Beverly Hills estate, which allegedly was maintained at church expense. The suit also raises questions about Rader's financial involvement in an ad agency, a travel agency and a book-publishing firm that sell services to the church. At a receivership hearing in Los Angeles last week, Rader won the right to look at his records -but only with the permission of a court-appointed official. Says Deputy State Attorney General Lawrence Tapper: "We've termed it letting the wolf inside the chicken coop." But the court rejected Rader...
...capital-improvement fund to pay other departments' operating expenses. But now the water system has decayed dramatically: pipes are badly corroded and a filtration plant is in danger of closing down for lack of maintenance. Two weeks ago a local court ordered the water department into receivership while a regional authority prepared to take over its operation...
Last week a federal judge in Massachusetts ordered the firm to cease operating and placed it in receivership. Many questions remain as to why the regulators did not investigate and act sooner. Although the CFTC denied the firm registration, Lloyd, Carr continued its operations for several months while challenging a shutdown order. Criminal fraud was never an issue during that period. However, some critics maintain that the CFTC withheld evidence that hampered state investigations. At week's end the only response from embarrassed CFTC officials was that they were not changing operational methods. As for the elusive Abrahams: Criminal...
...room Fontainebleau Hotel-so haughty in its heyday that Comedian Alan King joshed that it charged him $25 a day, not for accommodation but merely to use its name -was sold early this month in bankruptcy court. Next door, the Eden Roc has just emerged from years in receivership. Once it featured entertainers like Harry Belafonte and Wayne Newton; this winter its "headliners" will be its own singing waiters. At least three other hotels are tangled in bankruptcy proceedings; vacant stores dot the island, and even the members of the world's oldest profession have drifted elsewhere to more...
...visiting committee's May 1975 meetings--according to confidential minutes published by The Crimson last spring and voided by the panel--Kilbridge's administration was compared to a receivership...