Sunday Gazette-Mail from Charleston, West Virginia on June 20, 1976 · Page 21
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June 20, 1976

Sunday Gazette-Mail from Charleston, West Virginia · Page 21

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Charleston, West Virginia
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Sunday, June 20, 1976
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Page 21
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w»_rL u ~JM?!l-~^^ Clarksburg Man New CPA President WHITE SULPHUR SPRINGS-C. Eu- other new O ffi c e r s were W. Foster gene Toothman of Clarksburg was elected LaRue Jr of wheeling, president-elect; president of the West Virginia Society of James E p oster O f Charleston, vice presi- Certified Public Accountants during the dent; and Robert S.Maust of Morgantown, group's 58th annual meeting at The Green- secre tary-treasurer. brier here. Jack Anderson Bank Director Rev, Sun Myung Moon Controlling Bank? Probe of Moon's Bank Ties Sought Charleston-Wastogton St. East (Across from Tag Galyean Chevrolet) SLAIbans-OnMacCorkleAvenue (AtSlAlbansMaK) By Michael Putzel WASHINGTON (AP) - A congressional subcommittee plans to ask federal agents to investigate reports that the Rev. Sun Myung Moon secretly gained control of a newly chartered national bank in Washington, House investigators said. Among the bank's founders and current directors is investigative columnist Jack Anderson. The investigators said a letter requesting the probe by the Internal Revenue Service and the Office of the Comptroller of the Currency is being drafted for Rep. Donald M. Fraser. Fraser, D-Minn., is chairman of a House foreign affairs subcommittee. The letter reportedly will ask for a joint investigation to determine whether money from foreign sources was used to establish the six-month-old Diplomat National Bank, whether any such funds came into the United States illegally and whether any stock in the bank is secretly held on behalf of Moon or anyone else. .The subcommittee is in possession of information suggesting that assqciates_of ^OakhunlFoeiond 15400akhurstDr.,Chas. * Flowers Foodland 4llOMacCorkleAve. South Charleston Spen«r Foodland Parking Plaza, Spencer *HaUteadFo«ilond Summersville, W. Va. *CraigsvHleFoodland Croigsville,W.Va. * Cross Lanes Foodland Cross Lanes, W. Va. Open Sun. 11-7 Daily 9-9 Moon secretly brought millions of dollars into the United States from South Korea through diplomatic channels and failed to declare it, the sources said. They said the money may still be traceable and want the 'agents to pursue it. Sate Sin, MonJues. June 20 thru June 22. See our big ad on Wednesday AM and PM Charleston Daly. 07 Bologna Betty Crocker Layer White Yellow, Cherry, Devils Peter Pan Asst.-Decorated 3' Off Label Scot Towels Bleach Magic Bleach 29 FEDERAL LAW requires any person who transports more than $5,000 in Or out of the United States to report it to the Treasury Department. Records on file in the Office of the Comptroller of the Currency, which oversees the nation's banks, show that Moon and 18 of his associates and followers of his Unificiation Church can vote at least 42,820 of the 97,000 outstanding shares of Diplomat National. The bank is capitalized at $2.4 million, of which Moon and his followers have invested §1.07 million, investigators said. Although that technically is not a majority, there is little question that those shares, voted as a block, would be sufficient to seize control of the bank's operations at a stockholders' meeting. House investigators say there are indications that some of the 19 Moonies may own stock in name only, having received the funds to buy the stock from some other source. They would not name those susus- pected of involvement in such a deal. Robert B. Serino, head of compliance in the Comptroller's office, said: "We are evaluating the situation to determine whether, at the time of chartering of the bank, matters were concealed from our attention. We have no evidence at this time that there was any misrepresentation. It would be of concern to us if one entity was buying stock not for itself but for someone else." Moon himself, who has made a fortune from industrial enterprises in his native South Korea, is said to own more than $75,000 worth of Diplomat stock, as does his wife's translator, Won Pok Choi. Moon's closest associate, Lt. Col. Bo Hi Pak, also is listed among the stockholders. Pak's involvement in the bank came to the attention of subcommittee investigators after they found evidence linking him to the Korean Central Intelligence Agency. -He is a former military attache in the South Korean Embassy here and lives in a suburb outside Washington with a number of other followers of Moon. * * * A FORMER PAK aide, Jhoon Gee Rhee, his wife and children own at least 5'per cent of the bank's stock, sources said. Rhee, who owns a well-known karate and tae kwon do school in downtown Washington, has said he left the Unification Church several years ago. But he remains an ardent supporter of Moon and reportedly is active in other Moon organizations. Friends say that Rhee recently told them that he has been too busy with other matters and plans to sell his interest in the bank to Moon. He also has said in the past that before Moon came to this country Moon had no money and Rhee provided him with a plane ticket. Rhee was among the bank's original organizers and serves on the board of directors. He also is said to have received a sizable loan from the bank. Anderson has said he believes that Moon has no influence over the bank. He was quoted recently in a story by Bruce Nussbaum of American Banker, a trade daily, as saying the directors adopted a resolution that the bank would not be pressured into making loans to any specific group of stockholders. The resolution was put forward in response to the reports of Moon's influence, Nussbaum wrote in a story about the bank. One of the bank's best-known directors, former Treasury Secretary Joseph W. Barr, told The Associated Press he has resigned from the board. But he denied the influence of Moon's people was the reason for his departure. "I told the bank in a letter I sent them that I'd agreed with the organizers I'd help them get organized, help them get a president, stay with them until they'd been examined twice by the Comptroller of the Currency and until they'd made a profit," Barr said. "They've achieved all those objectives, so I just resigned." Asked if the reports of Moon's ownership had played a part in his decision, Barr said: "Not really. I really can't understand the Moon organization or the people associated with it. I'm a financier not a specialist on exotic religious sects." Blood Typing Clinic Scheduled Saturday The American Red Cross will hold a blood typing clinic at the YMCA of the Kanawha Valley 9 a.m. to 3 p.m. on Saturday. Persons 18 through 64 will be eligible for free blood typing. The bloodmobile will visit the Capitol conference complex 9 a.m. Tuesday and Wednesday. C ." ' ··» Brand in Demand Chevette J It could make you a happy owner Kellogg's Assortment Packs TAKE YOUR PICK SAVE ON ANY KELLOGG ASSORTMENT PACK WITH BIG NEWSPAPER COUPON LIQUID-PLUMR JUST POUR IT IN and IT W O R K S . . . NO BOILING--NO SPOONING-NO MESS--Redeem the Store Coupon From Newspaper for savings. FREEZE 'EM and SAVE Summertime is the right time to give yourself a cool treat! Put SNICKERS' Bor. MILKWAY' Bar. 3 MUSKETEERS' BorondMARS' Almond Bar FUN 1 Size candies in the freezer, so vou have plenty on hand when the gang comes in for a cold, refreshing snack. Look for the special Freeze 'em display at your grocer's. CMP THE STORE COUPON FOR GENEROUS SAVINGS FREE SET OF 5 FLAG DECALS In addition to the First Stars Stripes, you'll also receive decals of the Bennington Flag, the Gadsten ("Don't Tread on Me") flog, the Grand Union, and the current flag of the United States. Each decal measures 2 '; "x3 'j " ond is authentic in detail and color. These ore high-quality decaU you'll be proud to uw; lor decoration. Easy to apply to any surface. SEND BOX TOP FROM ANY D-CON PRODUCT CHECK NEWSPAPER AD FOR COMPLETE DETAILS. RUN COOL THIS SUMMER! Prestone II will keep your car running cool in hottest weather and protect you next winter, too, when the temperature drops below zero--Refill now save the headache of your car boiling over. NEW! Go den Lights KENT GOLDEN LIGHTS Warning: The Surgeon General Has Determined That Cigarette Smoking is Dangerous to Your Health. ONLY 8 NIG TAR LOWEST IN TAR OF ALLHOW TAR BRANDS AS LOW AS YOU CAN GO AND STILL GET GOOD TASTE and SMOKING SATISFACTION/ As Shown In Newspaper Ad 6/7/76 Produced and Edited by GENERAL ADVERTISING DEPARTMENT CHARLESTON NEWSPAPERS The Charleston Gazelle Jflai! .GAZETTE-MAIL CHARLESTON, WEST VIRGINIA 25330 lEPtESEMTAIWES: SAWYER-FEHGUSON-WALKER COMPANY

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