Word: fullmer
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Dates: during 1980-1989
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Before the battle, per that charming custom, past champions trooped through the ring, showing their beautifully squashed old faces. Beau Jack, Kid Gavilan, Jake LaMotta, Gene Fullmer, Carmen Basilic, Carlos Monzon. The last four are former middleweights, who must wonder about the state of the 160-lb. division...
...Whoops Nos. 4 and 5 bonds. Says he: "I felt secure. That was the whole point of buying the bonds. I didn't want to make extra money. I just didn't want to lose what I had. I'm not a rich man." For Theo Fullmer, 70, and his wife Bettie, 63, of Rexburg, Idaho, the Whoops default was their second disaster. In 1976 the Teton River Dam collapse in Idaho destroyed a motel they had owned for nearly 13 years. After the U.S. Government paid them about $100,000 for their loss, they invested...
Chances appear slim that investors stuck with Whoops 4 and 5 bonds will ever recoup their losses. Says Bettie Fullmer: "The only people who are going to make money are the lawyers." Many victims have already sold the securities at a tiny fraction of their face value to speculators, some of whom are betting that the Government will eventually bail out Whoops, giving them a big profit...