City Trust Co. of Bridgeport, Conn.. Clark, Donald W., M.D_. Clark, Ramsay_ Cohen, Manuel F. Cohen, Sheldon_ Coin-Meter, Inc_-. Committee on Ethics and Trade Practices_. Commonwealth Mutual Insurance Co.- Chatham Bank, Chicago, Ill. Page 203, 204, 208, 209, 235 115-117, 120-122, 136, 137, 139-146, 149-154, 177-179, 286, 288-291 131 34 19 19 97, 103 201, 202, 205, 206 115, 120-122, 124, 136, 144, 146, 149, 150-152, 162, 179, 286, 287, 289 200 200 118, 120, 121, 123, 124, 132, 133, 134, 135, 146, 154, 180, 286, 289 District of Columbia National Bank, Washington, D.C---- 113, 114, 121, 189, 190 120, 125, 153, 166 20, 108, 215, 216, 252, 276 53, 112, 144, 208, 209, 280, 291, 303 281 130-132, 136, 139, 143–146, 153, 154, 161-165, 173, 175–193, 228, 232, Financial statements submitted to District of Columbia National Finneran, Francis J.-Continued Putnam Investors, Inc.-Continued Cross Roads Motel, Inc.; Cross Roads Industrial Park, Inc.; and Page 82-87, 95-98, 100, 101, 103-109, 212–214, 223, 226, 272, 275, 283, 285, Agreement between Milton Hammer and new owners re purchase 79, 82, 83 Construction Facilities, Inc., loan from for benefit of Messrs. Gordon 85, 98 Economic Security Corp.: Loans from___. 87,95 Transfer of funds between for purchase of Lunar Enterprises 92-95, 97 ETA, Inc., loan from, for purchase of Admiral Motor Hotel stock_. 96 216, 218 Losses indicated on financial statements after change of control, 108, 109 Merchandise National Bank of Chicago loan of $277,000 to buyers of-- 85 217, 223, 224 75, 214 Sale of, by Milton Hammer and associates to Milton Gordon and Franklyn Levenson: Frontiers Capital Corp.-Continued SBA actions re losses indicated on financial statements after change SBA denied owners permission to reduce size and return money. SBA examination report dated November 19, 1965------- SBA investigation of March 21, 1966- Cause of‒‒‒ Page 77, 78, 106 215, 217, 224, 225 224, 225 87, 95-98, 217 285 77 215 86 Self-serving loans and investments by new owners and agents_‒‒‒‒ 2, 10, 26, 68, 109, 212, 250, 254, 261, 265, 281 American Business Capital Corp-- Georgia Capital Corp. New Horizons Capital Corp--- Representative of capitally impaired SBIC's. Sci-Tronics Fund, Inc__ Techno Fund, Inc-- SBIC program, review of: Background__ Financial records inadequate__ 64-67 63, 64, 68 62, 69, 70 72, 73 61, 62, 65 62, 63, 70, 71 Lending criteria___. Loss estimates unreliable___ Management control system, summary of. Recommended improvements.. SBA examinations of SBIC's, inadequacies of--. Georgia Capital Corp--- Capital impairment. SBA actions concerning- 55 56 57,58 57, 71 58, 59 56, 57 60, 61 59, 60, 71, 72 55, 56 63, 66, 68, 72 68 68 63, 64 234 Declines to testify. G.P. Productions, Inc---- Summary of---- Gilboy, Mr__ Gordon, Milton___. 78-87, 95, 96, 98, 102–104, 107, 215, 285 Frontiers Capital Corp. president and 50-percent owner.. SBA investigation of---. Greenberg, Howard_. 102-104 215 215 126, 166, 167 11, 19, 20, 26, 39, 105, 158, 159, 213, 224, 226, 227, 228, 232, 233, 234, 235, 237, 241, 279, 297 Cross index of individuals associated with SBIC's, establishment Program evaluation report--- SBIC program, estimate of loss to Government---- Greenwich Productions--- 226 Escrow agreement with Maryland National Bank....... Selling price---. SBA funds in-----. Stockholders, original, requested money back.. Hanowell, Charles L.___. Harris-Mark Construction Co---. Hillside Park Savings & Loan Association___ Horne, John E... Horner, Art--- House Appropriations Committee.. House Ways and Means Committee_. Howard, Gerald G____ Huck, Louis C., Jr. 112-120, 122-125, 128, 129, 131–175, 177, 179-182, 184, 185, 188, 189, 192, 228, 232, 286, 288-291 City Trust Co., agreement with, re restriction of account in_ 136–143, 153 162 Coordinated Interiors, Inc. loan_-_. 172 Funds of, used to pay personal loans.---- 144, 145, 146, 149, 151, 153, 162 Megadyne Electronics, Inc., loan....... Money invested in, borrowed_. Salary Signed checks of, in blank.. 136 Source of original capital_--- Transfer of shares to Amy Finneran_-_ Huette, Chris A... 196, 197, 199–211, 234, 235, 237 Bloomington Small Business Investment Co., purchaser of...-- Huette, Hazel M.. 211 211 199, 200 136, 146 113, 114 161 Ivey, Curtis L----- 112–115, 117–120, 122–125, 128, 129, 131, 132, 136, 139, 141, 143, Justice, Department of‒‒‒‒‒‒‒‒‒‒ 6, 10, 34, 35, 51, 143, 144, 206, 209, 215, 235, 238, 242, 252, 255-257, 274-276, 280, 302 Katzenbach, Nicholas deB_. Kelley, Richard_. _20, 212, 227, 236, 238, 241, 247, 248, 251-253, 256-279, 34 125-127, 164, 165 Conflicting legal views within.. Cooperation with other agencies.. Coordination of compliance and lending activities within, inade- quate Deputy Administrator of, former. Examination manual improved.. 252 252, 255, 256 252 248, 263, 273 254 Sale of loans and debentures of SBIC's to institutional investors 276–278 Justice, Department of, delay in clearing cases through__ 252 Licensing standards__ 250, 252, 253 Baum, Howard, association with_. Bloomington Small Business Investment Co., purchaser of Mueller, Harris C., association with__. 266 199, 200, 202-207, 210-212, 234 212 211 211 211, 212 |