Word: ossorio
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...most complex cases of fraud ever to hit the arcane world of high finance is ending. Two men last week pleaded guilty to stealing $270 million from New York's Chase Manhattan Bank. Joseph V. Ossorio, 43, and David J. Heuwetter, 42, face prison sentences of up to 18 and seven years, respectively, for their roles in the Drysdale Government Securities scam...
...Ossorio, who was chairman of the parent Drysdale firm, steadfastly maintained his innocence, saying last week that he was entering a guilty plea only to avoid "prolonged and expensive" litigation. Said he: "I voluntarily plead guilty even though I do not believe I am guilty." Co-Defendant Heuwetter, the owner of Drysdale Government Securities, said that the charge against him was "substantially" true. Said he: "I had hoped that I could make up the losses...