Business: End of an Empire

Balding Financial Juggler Alexander L. Guterma, 44, who put together a shaky empire of a dozen corporations (TIME, Feb. 23), was convicted last week on 16 counts of conspiracy and fraud. Guterma and his British associate, Robert J. Eveleigh, found guilty on 15 counts, had sat through seven weeks of trial, listening to the damaging testimony of 53 witnesses. Accountants and auditors backed the Federal Government's contention that nearly 54,000,000 in assets vanished from Detroit's F. L. Jacobs Co., a holding company, while it was under Guterma controls. To conceal the losses, he...

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