Goldberg gets show
LOS ANGELES (AI*) Actrcss-coma
(1 tan Whoopi (ioldborg is going to pro
duce und star in her own late-night talk
show
‘'The Whoopi Goldberg Show" will regularly feature
one guest per :t() minute Installment and will he dis
tributed Internationally by Genesis Entertainment The
syndicated show will premiere next fall
Goldberg's production company. Whoop Inc , will
begin making the show next summer
"I'm thrilled to have this opportunity to pursue yet
another lifelong dream, which is to talk to the most Im
portant and interesting people In the world today,
Goldlterg said In a statement Issued Sunday
She has starred in such films as C.hnsl, for which
she won an Oscar for best supporting actress
Helms treated for cancer
RALEIGH, N O (AI*) Sen Jesse Helms said Mon
day he is being treated for prostate cancer His doctor
said he is expected to recover
The (id veur-old North Carolina Republican known
lor Ins staunch conservatism said In’ is undergoing ra
dliition treatment but has experienced no sldo-offeets
and continues working in Washington.
"It seems to me that my activity in the Senate for the
past several weeks is indicative that my Senate work
has not been inhibited in the slightest," Helms said in
a letter released by Ins Raleigh office
Prostate cancer can he cured if detected early
enough
Dr Roller! (!) krasner. in another letter Helms' of
fice released, said early prostate cancer was detected
in the senator in June and radiation therapy was be
gun krasner said the senator is expected to make a
"complete and uneventful" m overv
Helms, elected last year to a fourth term, announc ed
in July that he had been diagnosed with Paget's Dis
ease. a lione disorder that causes weakened and de
formed hones Ho said doctors blamed his limp on the
disease and prescribed pills to fight it
UPI wins concessions
NKW YORK (AP) lhilled Press International won
court permission Monday to stop paying severanc e to
laid-off employees and to continue puv c uts it says it
needs to stay in business
U S Bankrupt! v Judge franc is Conrad also granted
the company's request to user stringers or contract em
ployees in place of the staffers it is laying off.
The judge, however, refused to take away the right
of senior employees to hump more junior workers
from their jobs, as UPI hod asked.
Under the contrac t, employees who had worked
from one to 19 years received one week's pay per year
when they were laid off. Employees who worked for
20 or more years received two weeks pay per year up
to a maximum of 52 weeks pay.
Kevin Keane, president of the Wire Service Guild,
said, "The decision is had news for UI’I's employees
who are forced to bear additional burdens and for
Ul’I's clients who will receive a diminished, less pro
fessional news report "
Conrad gave the news service permission to stop
paying severance and to use stringers until Nov 20.
the date the c ompanv said it would have to close iT the
concessions were not approved He said the emergen
i v measures were pending further court action, which
could include a UPI request to make them permanent.
The judge also continued the 20 percent pay cut, to
about $5(iH a week for top-level employees. Until Nov.
29. The Guild, which represents UPI' employees, had
agreed to the wage cut previously but opposed the new
measures.
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BCCI figure benefited from delay
M.'W YORK (Al’l Tho gov
ernment waited about throe
months tiefore moving to freeze
thu assets Chaith Phuraon tit u
time when the HCCI-llnknd mil
lionaire was selling off pieces
of his U S. empire.
'The delays hero a r n
astonishing." said Jack Blum, a
Washington investigator and
one of the first to uncover Bank
of Credit and Commerce Inter
national's questionable links m
the United States in the late
umtis
Blum and two other BCCI In
vestigators, who Ixtth spoke on
condition of anonymity. sa\ the
delay shows how the govern
ment is mishandling the probe
of BCCI, seized by international
regulators July 5 and implicat
ed in widespread fraud.
Tho Justice Department al
ready has been strongly trili
i i/ed lor not moving sooner on
the rogue bank
Other investigators said it
was unfair to i ritici/e the Fed
eral Reserve Board and Justice
Department for waiting to
freeze Pharaon's assets They
say Ixith agencies are attempt
ing to prosecute an enormously
( ontplex i use
Virgil M at ti ngl y . genera I
counsel lor the Federal Re
serve said in an interview.
"There was no undue delay
here."
The f ederal Reserve and Ins
til e Department said last week
they were seeking a S-l" million
civil fine against Pharaon lie
cause he at led as BCCI's set ret
front man in the ll)H5 acquisi
tion of a California bunk That
lawsuit also sought to freeze
tile Saudi's IJ S assets, estimut
ASUO LEGAL SERVICES
FREE LEGAL SERVICES
Legal Services handles a wide range of legal problems from divorces
to landlord tenant disputes
There is never a consultation or settlement fee
Legal Services staff members are experienced, gualified
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Contact Legal Services, EMU, Room 334
(Third floor above the Fish Bowl).
Or call 346-4273 to set up an appointment.
ed at l(>iist S226 million in
1990.
I’haraon, a Harvard-educated
businessman, is accused in a
separate administrative case
with ucting as a front man for
BCCI's clandestine acquisition
of National Bank of Georgia.
I’haraon is one of the most
prominent Saudi investors in
this country He was among the
first Arabs to buy a U S bank,
the Bank of Commonwealth in
Detroit in 1975 He sold the
bunk about 1 -years later
In court papers, Thomas C.
Baxter of the New York Federal
Reserve said i’haraon sold bis
HO percent interest in a small
New York debt trading firm tor
SI million in June shortly after
the Fed triisl to subpoena him
In July, 1’haraon's Georgia
holding company. InlerKedec
Inc , arranged the sale ol Amer
ican Southern Insurance Corp
for $33 million
"I’haraon has every incentive
to move those assets ill the
United States offshore to pre
vent their seizure or attach
ment," the Fed lawsuit said
Regulators said I’haraon
could be in a financial squeeze
because of pressure by BCCI's
court-appointed receivers and
shareholders on him to repay
his loans from the bunk, esti
mated at S2HH million
Mattingly said the Federal
Kesorv e didn't move on
l’haruon sooner because it was
unt lear whether the Juste e De
partment would bring a crimi
nal case against him. The crimi
nal case would taken prece
dence over a lawsuit.
An aide to Sen John Kerry,
D-Mass . who has fteen an out
spoken critic of the government
over its BCC1 investigation, said
he didn't think the Federal Re
serve was at fault in this in
stance.
Within the last year, I’haraon
has been steadily selling his
U S. holdings. In August 19‘iO,
i’haraon and u purtner sold
their interest in a large Dallus
office complex, the Plaza of the
Americas Inc.
Though exact terms weren't
revealed, the deal exceeded
$100 million, said 'Tony Lan
drum, senior vice president of
the Prime Group, which man
ages the downtown Dallas
properly.
Other deals included sale of
his stake in International Sys
tems Inc , an Alabama manu
facturer of precast concrete
buildings, for an undisclosed
price. Sale of I’haraon's stake in
a cable television firm in Mont
gomery, Ala., is under way.
"It sure looks like he's liqui
dating in a hurry and trying to
get the money out," said Blum.
"His performance in that regard
shouldn't he something of an
enormous surprise He's proba
bly strapped for cash."
The chairman of IntorHodec,
Pharaon's main U S. invest
ment company, disagreed the
company was selling off assets.
"The only thing we’re selling
now is American Southern (In
surance Corp.)," InterKedei
chairman Dooley Culbertson
said in a statement "The dis
cussions (for tiie American
Southern sole) go bar k as far as
October 1989 All of this began
before any of the IlCC! things
that are going on now. Every
thing we have is for sale at the
price Wo have no direction, no
instruction, and no program to
liquidate."
Pharaon's whereabouts could
not be determined and calls
placed to tils New York attor
ney, Richard Lawler, were not
returned.
InterKedei: has investments
in more than 20 companies na
tionwide, ranging from insur
ance companies in New Y'ork to
a 718-room hotel near Disney
World in Florida to numerous
property management compa
nies, documents obtained by
The Associated Press show.
InterKedec and its subsidiar
ies reported total assets of
$225 97 million last year and
earned S9.B5 million profit, a
3-1 percent gain from the pre
vious year, a copy of the pri
vately held company’s financial
statements shows.
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