---------- Forwarded message ---------- Date: 08 Sep 1997 00:20:54 From: NightowlPA@aol.com
A [U.S.] federal jury convicted Arizona Governor J. Fife Symington III of seven felony counts of defrauding three banks by lying about his financial condition and overstating his net worth when obtaining loans to finance his real estate schemes. The jury was deadlocked on 11 other charges and acquitted him on three more, including attempted extortion. He was convicted of, among other things, wire fraud in connection with issuing fraudulent financial statements to union pension funds to obtain loans. Symington, who declared bankruptcy not long ago, owed a group of union pension funds (who were, apparently, unwise enough to loan this guy money) $10 million. These funds have taken over most of his valuable properties and are suing him for the balance of $7 million. Unfortunately, much of Symington's wealth is safe and secure in trust funds that his ancestors set up for him.
Since a convicted felon cannot be governor of th great state of Arizona, poor Fife had to resign. Sentencing for his crimes will not occur until November 10.
Symington is the great-grandson of Henry Clay Frick, President of the Carnegie Steel Co., who sent Pinketons to Homestead, PA, in 1892 to enforce a lockout of steelworkers there. Four workers were killed in the famous Battle of Homestead, when they successfully prevented the Pinkertons from landing their boats at the mill. Russian anarchist Alexander Berkman responded to the news of the firefight at Homestead by attempting an assassination of Frick on July 23, 1892. He failed and spent the next fifteen years in Western Penitentiary. An anti-union icon who amassed a huge fortune by transforming human flesh into personal wealth, Frick was noted for his brutal treatment of coke workers and steelworkers in southwestern Pennsylvania until his death in 1919. In a recent edition of the Pittsburgh Post-Gazette, Symington opined that the union pension funds were out to get him because of the sins of his great-grandfather.
Incidentally, Symington ran for governor of Arizona on the promise that he would handle the state's fiscal affairs in the same business savvy that he managed his real estate holdings. Ain't it ironic?
Bye, bye, Fife. And good riddance! If only he would be sentenced to time in one of Arizona's infamous prison camps that he supported. But I suppose that's too much irony to hope for.
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