Word: theft
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Real Losen. Five ABC officials, including founders James Walsh, 52, and Robert D. Hayes, 68, were convicted by an Orange County jury after a five-week trial on charges ranging from conspiracy to grand theft; three others pleaded guilty. None received jail sentences, but they were placed on probation for up to three years and given fines as high as $7,000. Hayes and Walsh, among others, said that they would appeal on the ground that no criminal intent was involved, but their careers as tax consultants have already been ruined. ABC is virtually out of business...
...reportedly letting them dissolve their private trusts and foundations, and no criminal charges will be brought. At the very least, though, they will have to pay all their back taxes, plus interest. The victims have one consolation: the IRS may let them write off their ABC fees as theft losses...
...theft or willful destruction of University property or of the property of members of the University...
Charles J. Christenson, professor of Business Administration, said yesterday that when the beer theft came to the attention of George P. Baker '25, dean of the Business School, "Baker raised the question of why students weren't involved" in the disciplinary process...
...Faculty resolved in part to deplore the seizure. Only the most partisan will quarrel with this decision, relating as it does to not only occupation of a key University building, but forceful ejection of deans and other personnel, and theft and dissemination of confidential University materials. The Faculty has also been construed in the press, however, as deploring with virtually equal stress the Administration's response to the seizure. This I understand was not at all the intention of many participants in Friday's meeting, but the fact remains that Faculty failed to differentiate sharply and emphatically between the seizure...