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To: PaulM who wrote (11101)5/2/1998
From: Bucky Katt  Respond to of 116762
 
PBM--Saves trial and jail expense. Think it can happen here, in a downturn?
A look at euro prices

Eleven European Union nations will shed their currencies in the years
ahead. German marks, Italian lire, French, Belgian and Luxembourg francs, Spanish
pesetas, Dutch guilders, Austrian schillings, Portuguese escudos and Irish punts will
stop being legal tender June 30, 2002. From now on, consumers will increasingly
see dual-pricing of goods and services in national currencies and euros. Here is
what some household goods will cost in euros, as calculated by Associated Press
correspondents. The euro is roughly $1.10.

VIENNA, Austria (schillings vs. euros)

Loaf of white bread - 25 schillings (1.79 euros) ($2.00)

One liter of milk - 13.90 schillings (1 euro) ($1.10)

PARIS (francs vs. euros)

Bread - 11 francs (1.66 euros) ($1.84)

Milk - 5.75 francs (0.86 euros) ($0.96)

ROME (lire vs. euros)

Bread - 2,700 lire (1.38 euros) ($1.53)

Milk - 2,500 lire (1.28 euros) ($1.42)

BRUSSELS, Belgium (francs vs. euros)

Bread - 56 francs (1.37 euros) ($1.52)

Milk - 27 francs (0.66 euros) ($0.73)

FRANKFURT, Germany (marks vs. euros)

Bread - 2.50 marks (1.25 euros) ($1.39)

Milk - 1.50 marks (.75 euros) ($0.84)

HELSINKI, Finland (markkas vs. euros)

Bread - 6 markkas (1 euro) ($1.10)

Milk - 3.95 markkas (0.66 euros) ($0.73)

MADRID, Spain (pesetas vs. euros)

Bread - 165 pesetas (.98 euros) ($1.09)

Milk - 93 pesetas (.55 euros) ($0.62)

DUBLIN, Ireland (punts vs. euros)

Bread - 79 pence (.61 euros) ($0.68)

Milk - 64 pence (.50 euros) ($0.55)

LISBON, Portugal (escudos vs. euros)

Bread - 145 escudos (0.71 euros) ($0.79)

Milk - 126 escudos (0.62 euros) ($0.69)



To: PaulM who wrote (11101)5/2/1998 12:23:00 AM
From: Terry Rose  Respond to of 116762
 
Paul, The weird thing is this Japanese central bank official was investigating the corruption and not personally under investigation. You are on to a story with this post. Sounds fishy.

Speaking of suspicious deaths. It seems the gentleman who found Clinton's cashier check along with other Whitewater momentos in an abandoned junk yard car in Little Rock last year has died. Seems this 28 year old lost control of his car and ran into a utility pole and did not survive the accident.

Terry,



To: PaulM who wrote (11101)5/2/1998 11:32:00 AM
From: Richnorth  Respond to of 116762
 
>>Not the sort of thing that inspires confidence.

Probably a result of the corruptions probe. But its also possible something big is about to fail.
<<

I agree. But it could also be that the chief felt he had failed in his duty to stamp out corruption. And suicide was for him the honourable Japanese way out to 'escape' shame and public opprobium and condemnation. Perhaps time will tell for sure.

It's a Japanese way of apologizing without explanations.

I am sure many wished that John Felderhof and David Walsh and the rest of the infamous Bre-X gang had done the same 'honourable' thing!!!



To: PaulM who wrote (11101)5/4/1998 12:45:00 PM
From: long-gone  Read Replies (1) | Respond to of 116762
 
A US banker on the lam:

NEWS

BANKER NOW ON LAM LIVED
HIGH ON HOG

By DAREH GREGORIAN

The fugitive banker who feds say disappeared
with $66 million of his company's money was
living the high life years before he vanished,
The Post has learned.

Ricardo Carrasco, 42, was last seen Feb. 19,
when he skipped a meeting with his
BankBoston bosses to discuss the whopping
amount of missing cash. He's been on the
lam ever since, officials said.

Carrasco, a native of Uruguay who was
assigned to BankBoston's New York office 10
years ago, started embezzling the cash in
1994 by making bogus loans and credit
extensions to a shady Argentine
businessman and his companies, according
to affadivits filed in federal court by the
Manhattan U.S. attorney.

Within a year, financial records show, he was
enjoying the best the Big Apple has to offer.

"All signs indicate he'd been living it up," said
Joe Valiquette of the FBI's New York office.

He rented a 2,500-square-foot loft on Bleecker
Street in Greenwich Village for $4,100 a
month and would often be seen in trendy night
spots like the Bowery Bar and Twilo. He had
two cars - a Toyota Land Cruiser and a
Jaguar.

He got a house in tony East Hampton, and he
co-owned an antique store with a friend in
Long Island.

Carrasco had seven credit cards, and in 1995,
he racked up more than $84,000 in charges
on just one of them, including $45,000 in
merchandise for his home and $10,000 in
dining bills from ritzy restaurants.

Another $15,000 went to travel expenses,
including vacations in South America and the
Caribbean.

His salary at the time was $288,000 a year,
plus about $100,000 in stock options.

He got a raise in 1996, making $345,000, but
his world started to crash in around him
toward the end of last year.

In the fall, bank officials noticed several
"irregularities" at the New York branch,
investigators said.

When he was first confronted by his
superiors, Carrasco, a 20-year employee of
BankBoston, acknowledged some money
was missing because of "administrative
errors," one investigator said.

But an internal audit by the company early in
January showed that up to $70 million was
missing from his department.

Bank officials flew down from Boston on Feb.
19 to meet with Carrasco, but he never
showed up.

He apparently went back to his apartment and
packed up some clothes. But most of his
expensive belongings, including designer
suits, a home entertainment system and the
two cars, were left behind.

Doing record checks, investigators
determined he spent the next few nights in a
flophouse on Jane Street before flying to
California under an assumed name.

Carrasco is unmarried and has no relatives in
the United States. Officials fear he's fled the
country and have launched an international
search for him.

"The focus is to determine how the theft
occurred and to what extent he profited. We
have more questions than answers,"
Valiquette said.

BankBoston has offered a $10,000 reward for
information leading to Carrasco's arrest and
conviction. Anyone with information on the
case is asked to call the FBI at (212)
384-1000.

"Among our white-collar criminal
investigations, he is a major, major fugitive,"
Valiquette said. "He's someone we would love
to apprehend."

MORE NEWS

Copyright (c) 1998, N.Y.P. Holdings, Inc. All rights reserved. Reproduction in whole or in part in any form or medium
without express written permission of the New York Post is prohibited.