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April 02, 1974 - Image 3

Resource type:
Text
Publication:
Michigan Daily, 1974-04-02

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THE MICHIGAN DAILY ~1je Three

Witness
of Ves4
NEW YORK (A) - The gov-
ernment investigator who headed
a securities fraud probe of Ro-
bert Vesco told the Mitchell-
Stans jury yesterday he resisted
efforts by his superiors to pre-
vent disclosure of Vesco's $200,-
000 contribution to President Nix-
on's re-electio0n campaign.
The witness, Stanley Spork-
in, director of the enforcement
division of the Securities -a n d
Exchange Commission (SEC),
testified as the conspiracy trial
of former Atty. Gen. John Mit-
C hell and former Commerce Sec-
retary Maurice Stuns started its
seventh week.
SPORKIN SAID that he was
trying to find out the source
a nd use of $250,000 in cash that
Vesco transferred from the Ba-
Ihamas to New York in April
1972. He said that in the effort
Ito identify its source and use
he had subpoenaed several Ves-
Ico employes shortly before t he
Nov. 7, 1972 election.
Sporkin said Wiliam C a s e y ,
then chairman of the SEC, tele-
Iphoned him on Nov. 1 and ask-
ed if it wouldn't be possible to
postpone the appearance of those
Vesco aides because it C 0 U 1 d
be "politically embarrassing."
"I told him the testimony would
not bepostpond," sai Sporkn

claims cover-up
cos contribution

FREE

TAPE

was not the way to proceed."
CASEY PURSUED it a i t tlIe
further, Sporkin said, but Spork-
in told him emphatically: "You
must rely on my judgment in this
matter. Some day you will be
thankful."
Other witnesses have testified
that Mitchell tried to get Casey
to prevent revelaion of Ves-
Co's contribution before the
election was held. In fact, Vesco
and his aides all took the Fifth
Amendment before the SEC prior
to the election and the contri-
bution did not become public for
several months.
The two former Cabinet of fi-
cers are accused of conspiring to
conceal Vesco' s contribution, to
impede the SEC investigation h1i
return for the under-the-table
cash and of lying to a grand ju:'y
about it. -
VESCO'S contribution was de-
livered April 10, 1972, t h r e e
days after the effective date of
a law requiring disclosure. In
addition to the $200,000 cash con-
tribution, Vesco gave a $50,000
on-the-record Check to the re-
election committee.
* The fugitive financier w a s

cited by the SEC three weeks af-
ter the 1972 election in a com-
plaint alleging that he looted
$224 million from mutual funds
he constrolled.
Sporkin said that Bradford
Cook, then chief counsel of the I
SEC and later its chairman, tried
to limit the inquiry into tue use
of the $250,000. He said Cook
asked him why they needed any
information other than t h e
the sorurce of the money.
Sporkmn said he told Cook they
did need to know 'how the money
was used.
TIIE MICHIGAN DAILY
Volume L XXXIV, Number 145
Tuesday, Apr11 2, 1974
iedite and managed by students at
764-0562. second class postage paid at
Ann Arbor, Michigan 48106. PublIshed
dail Tuesd though Sunday mornn
nard street, Ann Arbor. Michigan 48104.
pusarel:$11 local mai (Mcian and;
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CLII
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Noon tilIl 9 pm.
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SA LE $1.50

FORMER UNITED MINE WORKERS head W. A. "Tony" Boyle moves
on is way to court in Media, Pa. Boyle is facing charges of murder in
ski, his wife and daughter. Yesterday's session was the first day of
Prosect vws to
proe oye' guil
TOUB f e R4,

from a wvheelchair to a car
the deaths of Joseph Yablon-
testimony in this trial.

with any trade-in cassette
really sound s
best?.

MEDIA, Pa. (IF) - The prose-
cutor in the murder trial of for-
mer United Mine Workers Pres-
yesterday he would prove Boyle
personally ordered the 1969 as-
sassination of a union rival and
paid for it out of the union treas-
ury.
1N HIS OPENING statement,
Richard Sprague said, "This was
no accidental shooting, it was a
cold-blooded brutal assassina-
tion.-
In a 70 - minute address
Sprague charged the 72-year-old
Boyle "plotted and paid for the
s e ablonski hisswifend
daughter. Boyle has steadfastly
denied any involvement in the
deaths.

Before court began yesterday,
defense counsel said Boyle would
testify in his own defense.
Sprague alleged the murder
plot was conceived in Boyle's of-
Lice on June 23,.1969.
"WE WILL SHOW how a fam-
ily, named Yablonski, was mur-
dered," Sprague said. "And you
are going to hear from people
who actually participated in this
assassination, from the actual
gunman who did it."
Eight other persons have been
accused in the Yablonski kill-
ings, including the three men al-
legedly hired to do the shooting.
All eight have either confessed
or been convicted of murder.

JO ANN ALBER/JULIA ANDREWS/MARGARET
BAUM/NANCY BERG/BARBARA CERVENKA/
MIGNONETTE CHENG/SUSAN CROWELL/RITA
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CHARLA KHANA/LEE KURTIN/FRAN LATTANZIO/
JOAN MATHEWS/DALEENE MENNING/ MARY
ELLEN PORTER/JACKIE RICE/SUE STEPHENSON/
DOROTHY SMITH/SUE THOMPSON/
EL LEN WI LT/GEORGETT E ZI RBES/
WOMANSPACE
APR IL 2-27 OPENS: APRIL 7, 4-6 P.M.
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All the things you want to know about selecting
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Come in and see for yourself at the Maxell Tape Clinic.
Bring your own cassettes and see how they
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RAP WIT H TH E MAXELL TAPE PEOPLE
ANN ARBOR
MUSIC MART
336 S. STATE
ON CAM PU S-769-4980

L S & A ST UDENT
GOVERNMENT ELECTIONS
POSITIONS OPEN:
* President & Vice-President
* Executive Council Seats
Filing forms for candidacy may be obtained at
he LS& Student Government Office, Room
FILING DEADLINE IS APRIL 4, 5 P.M.

S

Don't use a typewriter
It'D make dents in your face.
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