Word: calhoun
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Dates: during 1970-1979
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Flatt's first shot hit the front of the rim, seemed to hang there for a second, and fell away. Fordham took the rebound and moved the ball quickly upcourt, where Bill Calhoun tied it at 68 and forced the first extra period on a layup with six seconds to go. Harvard called time out but couldn't get off a shot in five seconds...
...another; his relatives and associates took out more than 383 loans from more than 40 banks. Long-term overdrafts were also used as interest-free loans, the indictment states. In 1975, 21 associates and friends, who held less than ½% of the checking accounts at the Calhoun bank, had averaged 55% of the bank's overdrafts. Their various schemes and extensions of credit allegedly led to $500,000 in actual or potential loss to the banks involved...
...bank made a $100,000 loan to Mitchell. During that period, Mitchell also arranged a $175,000 loan from a bank in Rome, Ga., to cover overdrafts there owed by the Bert Lance for Governor Campaign Committee, but the money was actually used to pay back campaign overdrafts in Calhoun...
Lance's son David was only 19 in September 1974, when Lance was running the Calhoun bank. But his father, the indictment says, "knowingly, willfully, and with intent to injure and defraud the bank" got him an unsecured loan of $45,000, which was "inadequately supported by credit information and collateral." A couple of months later, the indictment charges, LaBelle got a similar $45,000 loan. This was soon after Lance's $1 million gubernatorial campaign. Son David got a $34,530 loan from the bank the following year. Lance's financial statements at the time were...
...over. I want this same crowd around when I'm found innocent." Co-Defendant Mitchell claimed the indictment was an act of Yankee malice. Said he: "The War Between the States? They said it was over 100 years ago." Mullins, a former druggist in Calhoun, sounded equally aggrieved: "Apparently, my only crime was being a friend of Bert Lance's and a supporter of Jimmy Carter...