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Show The National Enterprise, July 27, 1977 Page five T SL men arrested in Arizona Thomas Michael According to county pro- O- Brien, alleged organizer of Fruit Juice Corp. of Salt Lake City and Dean Sandquist. director of Utah and Western Investment Corp. in Salt Lake, secutor Richard Shepherd, who recommended Sandquist be released without bail, the fact that Sandquist had surrendered prior to arrest was a major factor in his recommendation. "He had already retained counsel and it looked like he was going to fight it legally, and wasnt going to skip," Shepherd said. have been arrested and charged with land securities fraud related to an Arizona company. Credit union too big for its. The Utah State Employee Credit Union has begun construction of a $4 million office building at 660 So. 200 E. to accommodate its growing membership. Financed through the credit union and the anticipated sale of its present office site, 540 E. 500 So., the concrete block and brick veneer structure designed by . According to Arizona authorities, OBrien was arrested in Arizona July 11 and charged with 164 felony .office Joseph H. Young should be completed July 1978. The credit union expects to lease portions of its basement and second story to other businesses until its fourth story when necessary. 30,000 membership grows and additional space is structure. The new credit union will feature an atrium in the central lobby and a belt of tinted glass surrounding the building on each floor. needed. Also, the three-stor- y structure is designed to enable contractors to add a Bud Bailey Contraction Co., contractor, will also build 300-ca- r a capacity parking ramp to wrap around the exterior of the 74,000 two-leve- l. square-foo- t V V? counts in connection with his position as president of Equitable Mortgage Co. Charges include fraud in the purchase or sale of securities, unlawfully acting as real property securities dealer and unlawful advertising of real OBrien has been named by former Fruit Juice employ- ees as the "real boss of Fruit Juice, although his name is not listed on corporate filings. According to loan officers at several banks, OBrien was the man who represented the company to them, persuading them to loan money to individuals who wanted to pur- prop- erty securities. Sandquist was arrested in Salt Lake City July 15 and charged with 113 counts of land securities fraud. He was a salesman for Equitable in Tucson before moving to Salt Lake City in August, 1976. chase Warren, Advertising in the Enterprise works. .h Sr., convicted Arizona land fraud king, and Robert Harlan Gunnison of Arizona in indictments handed down by an Arizona grand jury in relation to the Equitable Mortgage case. or listed markets, we can do it. is one of the oldest brokerage firms in Salt Lake City. We have the men, knowhow and the facilities to handle any stock transaction or on listed Wilson-Davi- s Brad Stewart Universal Graphics posted $15,000 bond and was released from Maricopa County jail. He and Sandquist had been named along with Ned himself to authorities before the warrant was issued, however. Although the Arizona warrant recommended bond be set at $25,000, Sandquist was released on his own recognizance two hours after his arrest. We had between 30-5- 0 coupons returned with orders from the first ad. We also had many call-i- n orders and a good percentage of those resulted from the Enterprise ad. We felt the people who read the Enterprise would be people to which the Liquor Commission T shirt would appeal. When we want to reach that market again well use the Enterprise. " arrested), (also Sandquist surrendered Ask our advertisers: machines vending through the firm. OBrien was arraigned July 18, plead not guilty, and, along with Carole, his wife Turned himself in O-T- -C real boss" The O-T-- over-the-count- C er markets. In addition, we can provide research information, portfolio analysis and information e on investments and limited partnerships. Accounts are insured by the Securities Investor Protection Corporation. tax-fre- 79 West First South Salt Lake City. Utah 84111 Ph. 532-131- 3 |