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October 21, 1982 - Image 5

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Publication:
The Michigan Daily, 1982-10-21

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The Michigan Daily-Thursday, October 21, 1982--Page 5

$5 million bond for DeLorean

From AP and UPI
LOS ANGELES - A federal
magistrate set bond at $5 million
yesterday for John DeLorean, the
fenegade auto tycoon who allegedly
bankrolled a huge cocaine deal in a
desperate attempt to prevent the
collapse of his "dream" sports car
company in Northern Ireland.
DeLorean, a distinguished-looking 6-
foot-4 jet setter, was returned to jail,
failing to post the bond set by U.S.
Magistrate Voleny Brown.
IN A MONDAY interview with the
ritish Broadcasting Corp., DeLorean
"aid he had secured the money needed
to save the firm.
"We're planning to keep this com-
pany alive no matter what happens,"
DeLorean said. "And we have the fun-
ding in place. It's in the bank."
DELOREAN declined to say where
he had found the money.
"I'm not allowed to say that until the
transaction is concluded," he had said.
The 51-year-old maverick was
charged with conspiracy to distribute
:cocaine and possession with intent to
distribute.
He was a $650,000-a-year vice

president of General Motors Corp.
when he quit in 1973 to build sleek hand-
made sports cars. He earlier had been
regarded as a top candidate for
presidency of the giant corporation.
FEDERAL agents said DeLorean, 57,
was the financier of a scheme to buy
and re-sell 100 kilos of cocaine - 220
pounds - worth $23 million on the street,
and also discussed importing heroin.
Brown rejected prosecution requests
to set bail at $20 million, as well as a
request by DeLorean's attorney to let
him put up a $1 million house in San
Diego County.
DeLorean did not enter a plea, but his
defense attorney said he will plead in-
nocent later. A hearing was scheduled
for Nov. 1.
DELOREAN allegedly had taken
delivery of an undisclosed amount of
cocaine when he was arrested by un-
dercover agents at a hotel near Inter-
national Airport Tuesday, only hours
after the collapse of his company in
Belfast.
Federal agents said DeLorean, who
had been under surveillance for mon-
ths, had offered a 50 percent share in
his car company in return for the

narcotic profits.
The company, set up in Northern
Ireland with $126 millin from the
British government and a reported $4
million of DeLorean's own money, owes
debts of more than $60 million.
DELOREAN'S gorgeous wife,
Christina Ferrare, a top New York
model, rushed to her husband's side as
the silver-haired tycoon; handcuffed
and looking solemn, was led through
the crowd of spectators who jammed
the courtroom.
The couple sat quietly together while
Brown heard a codefendant's case.
The night before DeLorean arrived
from New York, federal agents had
arrested two other men and seized 60
pounds of cocaine worth $6.5 million.
The Drug Enforcement Agency said the
cocaine was the first installment of the
planned 220 pounds.
UNDERCOVER DEA Agent Jerry
West submitted an affidavit that he met
with DeLorean on Sept. 4 to discuss
details of the cocaine deal, and
DeLorean also spoke of importing
heroin from Thailand "as a means of
generating large amounts of capital to
be put into DeLorean Motor Co."

MINI-COURSE 313
The Holocaust
it's literary and ideological origins on manifesta-
tions. Ideas behind the event.
Mon, Wed-3-4:30
Oct. 25-Nov. 22 Registration
GERMAN DEPT. 3110 MLB

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DeLorean
... $5 million bail set

FULL

SERVICE

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LAB

Bulimia widespread on campus

fk.

I i;

(Continued from Page 1)
ultimately, bulimic behavior can be
topped. At the hospital's bulimia
rogram, he said, group and individual
counseling serve to help identify the
situations in which a patient tends to
turn to food for solace. "Hopefully, I
can start to help them to develop other
ways to deal with their feelings,"
Castagna said.
Group sessions usually last about 17
weeks and, he said, in the past have had
about a 50 percent success rate in stop-
ping bulimia. The sooner it is reported,
he said, the easier it is to treat. "If we
an get them at six months or one year,
before it becomes ingrained behavior,
it will be easier to treat," he said.
The counseling process is not an in-
stant cure, Jane said, although it helped
her understand some of the reasons
why she is bulimic. "On an intellectual
level, that (understanding the causes of
bulimia) is great, but on a gut level, it
isn't enough Ito make me stop," she
said.
1 WITH MORE counseling, Jane said
she hopes she will not need to binge
anymore. Until then, she said, "it just
feels so good to get help."
In addition to counseling, bulimics
are sometimes referred to a
nutritioniist, Castagna said, to learn
about proper eating habits. "Many of
these women don't know how to eat.
Hairsty les for
Men and Women
DASCOLA STYLISTS
Liberty off State ........8-9329
EatUo South U........62-O33
rorand'. .. .......... 971-9973
MpeVillage ..........761-2733

They don't know what a normal meal
is," he said.
The bulimia program, housed in the
University's Riverview Building, takes
referrals from the Health Service.
Castagna said the program attempts to
accommodate everyone who desires
counseling, but, because of budget con-
straints, is not able to counsel everyone

individually. "We are as much a victim
of the economy as any other part of the
University," he said.
Persons with questions about bulimia
are encouraged to call the hospital or
the University's student counseling
services, which has counselors
qualified to advise students about the
condition.

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