Word: rosenbaum
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Dates: during 1970-1979
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Between 1970 and 1974, according to last week's indictment, Tzur illegally transferred about $16.2 million from The Israel Corp. and two of its subsidiaries to a Liechtenstein credit trust. The trust was controlled by Tibor Rosenbaum, president of the International Credit Bank (I.C.B.) in Geneva. Apparently, Rosenbaum withdrew the illegal deposits-along with other funds that he transferred from his bank to Liechtenstein trusts-to pay off mounting debts incurred by his other enterprises, mostly real estate ventures...
Press reports of trouble at I.C.B. last fall started a run on deposits that Rosenbaum was unable to meet. In October he was forced to close the bank, and the Swiss government granted him a temporary moratorium on its payments. Now rumors are growing that because Rosenbaum is unable to raise money to pay his debts, which are estimated to be about $136 million, the Swiss may soon lift the moratorium. In that case, the bank would collapse, Rosenbaum would be bankrupt and the thousands of investors and depositors in I.C.B.-mostly Jewish-would probably lose virtually everything that they...
Soon after rumors of I.C.B.'s plight began circulating, Baron Edmond de Rothschild, chairman of The Israel Corp., ordered an investigation. A report on his findings, released in Israel last December, asserts that The Israel Corp. "was a victim of criminal misconduct," and specifically blames Tzur and Rosenbaum. Rothschild has filed criminal charges against Rosenbaum in Geneva, which have yet to be acted upon, and initiated the proceedings against Tzur, who faces a possible 22-year sentence...
Next Saturday, the Radcliffe Tennis Team will face Yale in a meet Thal predicted would be the most difficult of the season. Leading the Yale team will be Lisa Rosenbaum, the New England Intercollegiate Champion...
Also: Greg A. Rosenbaum of Quincy House; Lief D. Rosenblatt of Eliot House; David C. Rouse of Dudley House; Barney S. Rush of South House; Richard Sacks of Currier House; Louis L. Safranek III of Kirkland House; Jeffrey F. Sagansky of Lowell House; Mark S. Seliber of Kirkland House; Paul R. Shapiro of Kirkland House; Gregory P. Shea of Winthrop House; Lawrence J. Siskind of Lowell House; Leland G. Siwek of Mather House; and Richard M. Stallman of Currier House...