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Show The Salt Lake Tribune INTERMOUNTAIN Friday, July 25, 1997 AS Arizona Governor Denies Defrauding Creditors of Millions replied, “I did not.” ceived,” Symingtonsaid. Dowdspent two hours leading Symington through financial statements to lenders that included those bearing the same “as-of” dates butlisting widely varying net worths. He then asked Symington to explain the differences. “The financial statement just wasn’t a big priority for me,” Symingtonsaid. “‘I was really busy. I was really on the go. I a contend Symington claimed sufficient net worth orsufficient i depending on whether he needed a loan or concessions from a cred- itor, as his real-estate development busi- Ress crumbled in the late 1980s. But Symington testified he was open with his lenders about his deteriorating financial condition as a Phoenix develop- er from 1986 to 1991. Heclaimed his net- just didn’t pay the attention thatI proba- by Coopers & Lybrand, his accounting bly shouldhave.” Differences on financial statements submitted to different lenders were key tion. Whatever they asked for, they re- evidence presented by the prosecution. If convicted, Symington would be the second Arizona governor kicked out of worth statements contained “honest mis- takes” that should have been corrected firm. “They had all my financial informa- office in a decade. Gov. Evan Mecham was impeached in 1987 over a questionable campaign loan but was later acquitted by a jury. Symington also faces a potential lengthyprison sentence. Symingtonwas indicted by a grand jury in debtat the time. Symington declared bankruptcy in 1995, blaming his development woes and listing debts of more than $24 million and assets of $61,000. He faces a separate civil trial in that case this fall on allegations that he misled union pension funds about his finances to get a $10 million Joan in 1990 for the Phoenix Mercado project. Oneof the mostserious charges against Symington in his criminaltrial is that he last summerafter a five-year federal in- tried to use his clout as governorto extort vestigation of his finances. He had no previous political experience when he sweptinto office in 1991 promising to run the state like his realestate empireconsisting of two dozen office buildings and shopping centers. But trial testimony showed Symington, the great-grandson of U.S. Steel founder Henry Clay Frick, was millions of dollars concessions on that loan, which he per- sonally guaranteed During their 9-week case, prosecutors portrayed Symington as overly secretive abouthis financial statements. He kept them in locked file cabinets and handed them to officers of his development com- panyin sealed envelopes, according to testimony. SAVE 25-50% SAVE 25-50% Famous New York Men’s Denim, Contemporary & Traditional Sportswear Collections Choosefrom knits, wovensand more. SAVE 25-50% On Selected Spring & Summer Apparel SAVE 25-50% SAVE 33-50% ||SAVE 25-50% SAVE 25-50% Famous Maker Career Career & Casual Famous MakerCasual Men’s Knit & Woven Tops Collections & Separates Misses ¢ Petites * Women’s World Dresses & Pant Sets Misses * Petites * Sportswear Misses Petites * Women's World Dillard's exclusive from Roundtree & Yorke & St. Durand. Women’s World « Juniors SAVE 33-50% ||SAVE 25-50% ||SAVE 25-50%|| SAVE 25% Selected Spring Handbags & Jewelry Misses’ & Petites’ Children’s Sportswear Entire Stock of Men’s Spring Fashion SAVE 33% Suits Girls 4-16 * Boys 4-20 Dress Shirts Selected Straw Hats & Visors SAVE 25-50% SAVE 25-50%|| Women’s, Men's & Children’s Dress, Bras, Panties, Daywear Casual:an Shoes & Sleepwear SAVE 25% Entire Stock of Women’s, Men’s & Children’s Swimwear Dillard's ||SAVE 25-50% Men’sS mi-AnnualTailored ules ne °"" pee eaeCe ‘Selection varies by store. Limited to stock on hand. Basic, non-seasonal merchandiseis not included. Sorry, we cannot accept phone or mail orders on clearance merchandise SAVE 40-66% Women's Designer Collections Save on selected spring designer & dresses. Auastiatte at Fantvon Pesce onty Visit our Web Site: http://wwwdillards.com ‘Shop Monday-Saturday 10-9 and Sunday 12-6 at all Dillard's locations. We welcome your Dillard's Credit Card, The American Express® Card, Diners Club intomational, Mastercard’ Visa® and The Discover Card ‘ 1 hb |