Independent from Long Beach, California on January 21, 1975 · Page 23
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Independent from Long Beach, California · Page 23

Publication:
Location:
Long Beach, California
Issue Date:
Tuesday, January 21, 1975
Page:
Page 23
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M-INDtEENDEHT (AMI ^mbezzling fejrp'.s-'- . . · ' S'SAN FRANCISCO (UPD · r Bail for accused China- ~tb\VTi embezzler Quailand Jom was reduced to $50.,'00 Monday, and his attor- .|»ey said the former sav- ^ngs and loan company i^inanager has a "roulette psychosis." A The attorney, George T. J4)avis, admittted his Client took the $436,000 as ·charged and said, "We will cooperate with the government on the factual issues of the case." , He said the money was lost gambling in Reno and Las Vegas. "If there is such a tiling as 'a 'roulette psychosis' Mr. Tom has it, Davis said. He said none of the money was left. · Earlier. U.S. Magistrate Richard U r d a n had reduced Tom's bail from $500,000 to $50,000 when Tom a p p e a r e d for arraignment. Tom, 40, called Davis from Hong Kong last week saying he wanted to return and "face the music." He flew back to San Francisco Sunday, f o u r days after he was formally charged with taking the money f r o m the Chinatown branch of the San Francisco F e d e r a l Savings and Loan Association between May 2 and Dec. 10, 1974. Preliminary h e a r i n g was set for Feb. 4. Promoter of Geotek sentenced ; SAN FRANCISCO (UPI1 -- A federal judge Mond a y sentenced J a c k Burke, promoter of the Geotek oil and gas exploration companies, to 30 months in jail for making false statements to the Securities and Exchange Commission. U.S. District Judge Will i a m T. Sweigert also f i n e d The 49-year-old promoter $5.000,- making the punishment half of the maximum set by law. The j u d g e s t i p u l a t e d t h a t Burke not be eligible for parole until he has served 10 months. .'BURKE pleaded guilty last N o v . 13, midway t h r o u g h h i s c r i m i n a l prosecution, to one count of an indictment against him and the government dropped 15 other counts. He said he was guilty of failing to disclose in an affidavit signed Jan. 2S, 1972. that he "dominated and controlled" t h r e e . other oil companies with which his investment entities did business. The companies were Island 011 Corp., Northern Continental Petroleum Corp.. and Regent Oil Corp.. all listed in the name of his brother. Robert. Communication mixup cited in BART crash OAKLAND (AP) - A communications m i x u p might have been to blame for a 70-mile-an-hour colli- Mon that killed a man and scattered debris over a mangled Bay Area Rapid T r a n s i t r i q h t - o f - w a y . BART said Monday. A maintenance t r u c k with three aboard collided Sunday niglit with a nine- car test train without passengers on BART's southbound tracks, killing Arthur Briggs, 40, on the truck, and injuring two others with him. It was BART's third fatality in its short history. Damage was estimated at over $700,000. indudiiig the "totaling" of a $360,000 train car. The accident h a p p e n e d at 8th Street and 14th Avenue in Oakland. THE BEST price for things you want most may be in the appliance column of today's Classified Ads. Warning: The Surgeon General Has Determined That Cigarette Smnking Is Dangerous in Your Health.

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