John DeLorean reference & old Video
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John DeLorean reference & old Video
- From: senatorpack@xxxx
- Date: Wed, 21 Mar 2001 16:44:29 EST
DML,
The 1985 interview with Oprah and John DeLorean is a rare find.
Does anyone have a copy of this?
In addition, the TV program NightLine had a series on DeLorean back in 1982.
These are rare too.
Anyone have video from the early days, the arrest, trial, etc.?
Below is a story from the ABC NEWS web page.
http://more.abcnews.go.com/sections/business/dailynews/delorean0305/index.html
Managed Defunct Car Company
DeLoreanâs Accountants Must Pay Millions
Jurors found the accountants signed off on DeLoreanâs financial statements
despite evidence of possible fraud.
N E W Y O R K, March 6 â The accounting firm Arthur Andersen will have to
pay up to $110 million to John DeLorean's creditors after a jury ruled the
accountants should have known of his car company's shaky deals.
DeLorean's car manufacturing enterprise went bankrupt 16 years ago,
leaving a trail of unpaid bills.
After less than three hours of deliberations, the state jury recommended
today that the accountants pay $46.2 million, plus up to $65 million in
interest.
Jurors found the accountants signed off on DeLorean's financial
statements despite evidence of possible fraud.
No Fraud Conviction
DeLorean was never convicted of fraud, but has been ordered to pay investors
and creditors about $9 million. The plaintiffs argued that he was siphoning
away millions of dollars through a fictional Panamanian company.
Robert C. Hubbell, a spokesman for Arthur Andersen, said the firm will
appeal. Hubbell said the accounting firm already has paid $35 million to the
British government, the largest investor in the DeLorean Motor Co. That
should reduce the settlement, he said.
A judge will decide how much interest the accountants must pay.
Michael D. Hess, the lawyer for the plaintiffs, said Arthur Andersen
kept issuing opinions favorable to the carmaker "because that is what John
DeLorean wanted."
Was DeLorean involved in Fraud?
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