Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: FRIDAY, February 12, 1993 TAG: 9302120517
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
SOURCE: Associated Press
DATELINE: LENGTH: Medium
IN BUSINESS
Federal judge sets Clifford's BCCI trialWASHINGTON - A judge on Thursday scheduled a June 1 trial for former Defense Secretary Clark Clifford and his law partner on federal charges in the BCCI banking scandal.
Attorneys for the ailing 86-year-old former presidential adviser and his colleague, Robert Altmam, had asked that the trial in U.S. District Court be postponed until next year because of Clifford's plan to undergo heart bypass surgery next month.
The two men also are scheduled to go on trial March 15 in New York on state bank fraud and bribery charges; that trial is expected to take up to six months. Defense attorneys indicated they will seek to have it, too, delayed because of 500,000 new internal BCCI documents turned over to them recently.
SEC chairman Breeden to resign
WASHINGTON - Securities and Exchange Commission Chairman Richard Breeden, who presided over a three-year expansion of the Wall Street watchdog's size and authority, said Thursday he will resign by April 15.
Breeden, who has headed the agency since 1989, is a Republican with strong ties to former President Bush. He had been expected to leave before his term ends in June.
Borden charged in milk bid rigging
WASHINGTON - The Justice Department charged Borden Inc., one of the nation's largest milk suppliers, and another dairy company Thursday with rigging bids in milk sales to schools and other public institutions.
Justice Department spokeswoman Gina Talamona said the charges were not directly related but were part of the department's nationwide crackdown on bid rigging in sales of dairy products to public institutions.
So far, 37 corporations and 41 people have been convicted, and fines of $35 million and civil damages of more than $7 million have been imposed, the department said. The milk industry still is being investigated by 34 grand juries in 23 states.
Borden Inc., the New York parent of Meadow Gold Dairy Inc. of Roanoke, was accused in federal court in Dallas of five felonies stemming from alleged conspiracies involving milk sold to public school districts and public hospitals around Texas, plus Reese Air Force Base and Texas Tech University.
The conspiracies, which authorities said began as early as 1964 and continued as late as June 1990, involved Borden's operations in Lubbock, Dallas-Fort Worth, Tyler, Amarillo and Abilene.