I
Page 8/The Battalion/Wednesday, November 30,1983
State senator denies
foul play in land deal
United Pres* International
DALLAS — State Sen. Ted
Lyon profited from a condomi
nium marketing firm under
rad
Ray Hubbard east of Dallas.
The land was appraised at
id investc
state and federal scrutiny and
failed to warn potential inves
tors he was representing person
al financial risk in the transac
tions, The Dallas Morning News
reported Tuesday.
Lyon, a Mesquite Democrat
whose law firm handled busi
ness for Kitco Developers Inc.
and its owner Clifford Sinclair,
denied any wrong-doing in the
enterprise, according to a copyr-
ight report in the Morning
News.
Under the scheme, Kitco re
cruited investors to pledge their
net worth as security on loans to
buy land, mostly around Lake
inflated values and investors
were paid the difference in
bonuses of at least $20,000, the
Morning News reported.
According to state records
compiled in a two-month Morn
ing News inquiry, the Lyon and
Smith law firm handled incor
porations for dozens of investor
companies formed to take part
in the land deals and received
fees of $500 to $1,000 for each
transaction.
But the deal was so structured
that individuals were personally
liable for the loans, a fact Lyon
did not bring up while the deal
was being closed, the Morning
News said.
“Anybody who would go
down there and sign a note for
that much money and not read
the papers is pretty stupid if you
ask me,” Lyons said.
But an attorney representing
an investor in one of the transac
tions said it was up to Lyon to
warn investors of possible risks.
According to records, Lyon
himself personally took part in a
land deal through Lyon De
velopment Inc. in which he
signed a $700,439 note to Bell
Savings Association of Belton
for two acres in Lancaster.
Bell Savings president Ken
Law said Lyon demanded sever
al months ago that he be allowed
to assign the debt on the land —
site of a planned condominium
project — to another investor.
Group rejects federal law
4 harbored tax fugitive
United Press International
FAYETTEVILLE, Ark. —
Leonard Ginter, the man ac
cused of helping hide tax fugi
tive Gordon Kahl before a
fiery shoot-out June 3, was
sentenced to five years in pris
on Tuesday but his wife was
spared a prison term.
Norma Ginter, 58, re
ceived a five-year suspended
sentence and was placed on
probation for that time.
She will remain in custody,
however, until the Ginters are
tried for capital murder in the
death of Lawrence County
Sheriff Gene Matthews. Au
thorities said Matthews and
Kahl killed each other with
their last shots at the Ginters’
home near Smithville.
Two other men convicted
of harboring Kahl were also
sentenced by U.S. District
Judge Franklin Waters.
Ed Udey, 70, of Cotter re
ceived two concurrent five-
year sentences, and Arthur
Russell, 74, of Mountain
Home, was sentenced to five
years with all but six months
suspended.
The maximum penalty
would have been 10 years in
prison and a fine of $15,000.
“I thought it was a just sent
ence and we were very satis
fied with it,” said Prosecuting
Attorney Asa Hutchinson.
According to testimony in
the October trial, the Ginters
helped hide Kahl in Mountain
Home for about a month,
then moved him to their con*
crete bunker a few days before
authorities found him.
At the time, Kahl was being
sought in the February shoot
ing deaths of two federal mar
shals in North Dakota. Kahl
had been a farmer there and
was a member of Posse Com-
itatus, a paramilitary group
that opposes individual in
come tax and rejects federal
authority.
Ginter was a charter mem
ber of Posse Comitatus when
he lived in Dickeyville, Wis.,
but the couple banded with a
less formal group of tax pro
testers in Arkansas, a fn ei ,
and neighbor said.
The Ginters were ali
vivalists, preparing for am,
lear catastrophe or Soviet
vasion, said Bill Wade.Eii
thousand rounds of am^
tion stored inside the ho®
exploded during the pe
firefight when Kahl died.
“Leonard was a good
dent of the Bible,” Wadesi
“He felt that the
prophecies for the
world were bein
thought the miDennium
upon us, and that the Russia
might be coming upfront
shores any day. He wantedj
be ready.”
DEFENSIVE DRIVING COURSE
Dec. 2&3
RAMADA INN
Pre-register by phone: 693-8178/846-1904
Ticket Deferral and 10% Insurance Discount
The Kitco condominium in
vestment packages involve hun
dreds of investors who are per
sonally liable for millions of dol
lars in real estate notes, which
could represent substantial los
ses to lending institutions in
'event of default, the Morning
News found.
The schemes have come
under scrutiny of the FBI, the
Texas Savings and Loan Depart
ment and the Federal Home
Loan Board, the Morning News
reported.
Crash causes unexplained
United Press International
MIDLAND — No mechanical
or pilot errors have been found
to explain the crash of a private
plane that killed eight men, in
cluding six Midland-Odessa
television station employees, an
official said Tuesday
An investigator for the Na
tional Transportation Safety
Board, Warren Wandel, con
firmed the chartered twin-
engine Beechcraft-100’s landing
gear was up when the plane
crashed early Saturday.
But he told reporters at a
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news conference the pilot would
have put the landing gear up if
he had decided to make anotner
approach before landing at the
Midland Regional Airport.
The plane, carrying em
ployees of the Odessa-Midland
KOSA television station, was re
turning from taping two high
school football games when it
crashed.
“According to witnesses we
have interviewed and a recon
struction of a flight profile, the
landing gear was down when the
pilot approached runway 16,”
Wandel said.
He added that the landing
lights had been on — indicating
the gear was down.
“Sometime during the acci
dent sequence the pilot selected
to gear up, and it was up at im
pact, but it was down during the
approach, which indicated it was
He said more tests would
conducted to try anddeiem
mechanical or pilot failureil
plane was traveling betweetl
in p h and 150 mph »1
crashed in a field east
main runway.
Pilot Keith Elkin of Mid
had more than 5,000 houi
Hying experience, wiihl
hours experience flying
particular type of plane,W'i
said.
He said tests would bt
ducted to determine if
weight of the televisiontt
ment might have affect#
plane’s balance and perfc
ance.
He predicted it wouldbt
to six months before anti
cause of the crash wasrete
by Federal AviationAdmitiii
tion officials in Washing
DC.
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