Monday, April 11, 1983/The Battalion/Page 7
Although not a major Texas tourist spot,
Texas A&M does attract its share of sightseers.
Michael Hu, of Taiwan, poses for a picture to be
taken by his father at one of Texas A&M’s many
landmarks — Rudder Fountain. The Hu family
was out enjoying the sunshine Sunday.
]l
fraud exposed by official
shutdown by FDIC
t Bank
Hu Wl ft United Press International
rerMTYLER — A former presi-
dSpadem of the failed Ranchlander
ualt Rational Bank said she told FBI
■ents about the bank’s troubles
is because she feared fraud defen-
toS-adant Orrin Shaid Jr. would kill
totjher
dialeaBjean Moon, now a waitress at
ien 4 truckstop, said Friday that
nglislifhaid, 38, asked her to destroy
■cialisiRanchlander Bank records in
OnrfNovember. Moon said she unco-
|ered some $750,000 in fraudu-
ilHieaftt loans Xo Shaid not covered
ho by collateral.
fSpMShe said she told Shaid on the
d pesBephone late in the evening of
Nov. 12 that she had destroyed
the records.
He said he would pick her up
the next day in his private plane
and fly her to his Lake Palestine
residence, she testified.
Moon said instead she drove
to San Antonio on Nov. 13 to
talk to FBI agents “because I felt
if I destroyed these records,
there would be no evidence left.
I’d be killed, and everyone
would think I took the money.”
The Federal Deposit Insur
ance Corp. closed the bank due
to insolvancy Nov. 19.
She related part of a conver
sation between herself, Shaid
and attorneys Larry Ludka and
Peter Dean — Shaid’s partners
in Central Texas Factors Inc. —
in which Ludka explained how
money could be transferred out
of the U.S. without taxes being
paid.
Moon, who said she became
president of Ranchlander in
Melvin, a town 50 miles south
west of San Angelo, to “get out
of Houston,” also said she met
Shaid in 1977.
Shaid’s attorney, David Booth
of Longview, objected to the
government’s introduction of
pictures of Shaid’s home, which
Chief U.S. Eastern District
Judge William Wayne Justice
termed “palatial” outside the
hearing of jurors.
Plea bargain agreements
from Moon and another former
Ranchlander Bank president
were admitted into evidence Fri
day. Under her agreement,
Moon pleaded guilty to making
false statements to a bank.
In his agreement, former
bank president Roger Pipkin of
Houston pleaded guilty to one
count of misprision of a felony,
defined as “the offense of con
cealing knowledge of a felony by
one who has not participated or
assisted in it.”
Soil tested for lead
at 11 Dallas schools
United Press International
DALLAS — City health in
spectors will conduct on Mon
day a second test on soil samples
from public school yards located
within a 2-mile radius of a lead
smelter where earlier tests
found potentially hazardous
lead concentrations in the blood
of preschool children living
nearby.
The inspection order came
after parents of neighborhood
school children expressed con
cern about lead contamination
on school grounds from an RSR
Corp. smelter, said Dallas Inde
pendent School District Admi
nistrator Jim Damm.
“We wanted to see if there
was a problem on the cam
puses,” Damm said at a city
council meeting Friday. “But
based on the results of the ear
lier (1981) tests, we don’t expect
to find high levels of lead at the
schools.”
In February, the Environ
mental Protection Agency te-
leased a study that found poten
tial hazardous levels of lead in
5.6 percent of the preschool
children living near the RSR
plant.
When the city first tested soil
at 11 schools within a 2-mile
radius of the plant, three schools
revealed lead levels above 300
parts per million within a 2-inch
depth.
Dr. Phillip Landrigan of the
National Institute of Occupa
tional Safety and Health in Cin
cinnati has said children con
tinually exposed to soil lead
levels of 300 ppm might experi
ence a drop in IQ scores of up to
10 points.
Following the city’s first test,
RSR voluntarily removed sever
al inches of top soil from the
school which had the highest
level of lead, 545 ppm.
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