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Show -- yrrnrT'SirvTrt"yy Didn't Read Warning on Circular Investor Based Commitment on Trust in Affleck knowledged m federal court Tuesday that he based his commitment on the reputation of Grant C. Affleck, and did not read warnings presented to him in a circular. was called a a prowutinn witness in the fraud trial of Mr. Affleck, accused of swindling 11 families, and suspected of bilking hundreds of others out of approximately $20 million during The investor. Walter Miles, 4 f , from deUnder fense attorney A Brent Carruth, Mr. Miles said he believed in the investment scheme until early 1982. when Home Savings & Loan told him he was in arrears on a second mortgage Until then, he said he did not want to get out of the investment. Mr. Affleck had pledged to inves Mr Carruth continues to hammer at the investors' testimony with a line of questioning built upon the premise that Mr Affleck did riot beguile funds from homeowners Rather, the investors simply ignored all warning signs prepared and submitted by Mr Affleck himself in the interest of making quick profits state that A Taylorsville man who invested $43.308 17 in AFCO Enterprises ac- i Believed in Scheme tors that AFCO would make payments on the mortgages However, payments were not made and lending institutions began pressing for payment from homeowners That activity has become the subject of separate civil proceedings between investors and their lenders Miles repeatedly refused to he accepted Mr Affleck's handshake as assurances for the investment, but also said he did not Mr By Charles Seldin Tribune Staff Writer 1981. read prepared documents that spelled out risks pntailed in AFCO n Governors Conference on Aging Opens Today Utah's senior citizens officially open their Governors Conference on Aging Wednesday morning at Symphony Hall, where they will be addressed by Gov. Scott M. Matheson. But they really began things Friday night with their their annual see nior ball at Northwest Center, 1300 W. 300 North. Wednesday activities start at 9 a m. with a performance by 50 youngsters from 4 to 14 who attend the SuMulti-Purpos- zuki Violin School. Norman Angus, the state Department of Social Services director, will welcome seniors at 9 30 am, and Gov. Matheson follows him with the keynote address. Gov. Matheson will respond to is sues and recommendations made by senior citizens at local aging conferences during May Among the topics are the high cost of utilities, medical services and health insurance, housing concerns and high taxes. First Lady Norma Matheson also plans to speak as does Louise P. Lintz, state Divison of Aging and Adult Services director who will resign in October. Participants may remain at Symphony Hall following the morning program to hear a rehearsal of Beethovens Violin Concerto by the Utah Symphony with conductor Joseph as soloist. A tour of the new Triad Center also will be available. Senior day at the state fair starts at 2 pm at the fairgrounas Shuttle service will be available from Symphony Hall to the fairgrounds A special program featuring a e melodrama and comments by Ernie Ford and Gov Matheson begins at 2 15 p rri. at the fairgrounds grandstand. Seniors also are invited to attend the Ice Capades at the Salt Palace at 7 30 p m Seniors will receive a $1 discount on tickes which must be reserved and purchased through the Salt Palace. Ice Capade tickets include free admission to the fair. All Utah senior citizens and interested individuals are invited to Ten-ness- Mr. Miles said he was swayed, in part, to invest because of the information presented him by Mr Affleck He said specific enticements included a picture of Mr Affleck surrounded by prominent people, including Elder Paul H Dunn, a general authority of the Church of Jesus Christ of Latter-day Saints Another allure was a picture featuring the Osmond Family at a ribbon cutting for an AFCO project. Sherwood Hills Croup Sets Giveaway w For Utahs Hungry UUhns Against Hunger will conclude its annual ' Share the Harvest program with a distribution of vegetables. bread and government commodities Sunday More than 600 sacks of garden produce were given to the hungry the past two Sundays and similar demand is expected this week, acrcra-into director Steve Johnson Contrary to the common belief, public welfare programs do not provide for all the needs of people, Mr Johnson said Food donations may be taken to the Utahns Against Hunger office, 21 G St , or to Granger Baptist Church, Jalt f ak t tribune g Wednesday, e 12, 1984 September Typed in Capital Letters Under questioning from Mr Carruth, Mr Miles said he did not see the phrase, "this is a speculation," on the front page of the offering circular. The phrase was typed in capital letters Section G 1 Page 3831 S 200 West Food from will be given out Sunday to 4 p m at both locations 1 Mr. Carruths defense cuts directly toward U S Attorney for Utah Brent Ward's assertions that Mr Affleck intentionally covered up risks in the investment scheme, including AFCOs financial plight at the time. In late 1981, AFCO was heavily leveraged, strapped for cash and unable to borrow from lending institutions At that point, Mr. Affleck turned to private investors. AFCOs central concerns were Glenmoor Village, a community in Salt Lake County; and Sherwood Hills, a timeshare condominium development near Logan. The case, being tried by jury before U.S District Court for Utah Judge David K. Winder, is expected to last another two to three weeks. DISCOUNT FURNITURE APPLIANCES GROCERIES CLOTHING BUILDING SUPPLIES FABRIC Pillsbury Bundt Chocolate Macroon BUNDT CAKE MIX 99 27 Vi oz. Tti Pillsbury QUICK BREAD m 89 60C Libby's liUMJ Ubbu SAVE Ubbfr GREEN BEANS Franck Styl or Cut 16 ot Com of 24 i oo 7.49 Arm & Hammer BAKING SODA 41 00 16 oz. Glad TRASH BAGS 99 Medium 20 ct. er Small 30 ct. American Beauty LONG SPAGHETTI 79 CORN FLAKES IS 79 01. RAISIN BRAN 129 22 oz. Del Monte PINEAPPLE Syrup or Natural 8V4 oz. BABY FRESH 3100 WIPES, so I89 ct 289c 00 2 PLY PAPER TOWELS 6 BATHROOM TISSUE PRICE EFFECTIVE SALE USE.YOUf! 1 THRU 6000 CREDIT ofJernuonApproved. llOPtHDAHy.10?SAXl.10:6TCiOSEDSUN.fLVISATMASTERCARDTORTERMSOH7kPPROVED'Od), 6148 S. State St. 3 vr., arena on OREM 248 E 1300 Soot!' St. (801) 225-959- 0 (Closed Sunday) L ! 268-356- 30 day WEST VALLEY CITY ny prrj mrrroy v 3500 So. 2200 West 1 Block East West Gate Plaza tjtt 801-972-57- Mia EL 91 OGDE Road 4099 Riverdale you buy 621-550- i 1 (By Grand Central) (Closed Sunday) TUMiqifMitpYtnCTt TWO LOCATIONS OGDEN SALT LAKE 3435 SOUTH MAIN 487-585- 763 WEST 12th ST. 393-530- 3 4 STORE HOURS: 9-- 6 MON-SA- T (OGDEN 9-- 8 FRI) |
