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The Press. (Cortland, N.Y.) 1972-1990, January 30, 1987, Image 1

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Persistent link: http://dev.nyshistoricnewspapers.org/lccn/np00190002/1987-01-30/ed-1/seq-1/


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. ' . s s s s STATE UN~VERSITY OF NEW YORK, COLLEGE AT CORTLAND:· Volume XVIl Number 12 J anuary 30, 1987 Dorm hike of '6. 7 o/o takes effect Fall 1987 By LAURA R. JONES The residential hall budget which includes a 6.7 percent increase in room rates in the upcoming year has been ap- proved by SUCC President, Jam·es M. Clark. The rent for a double room in the campus dormitories will' increase $110 to $1,740 per year. According to Ray Franco, director of Residence Life, there are many reasons for the rent increase. One reason is related to salary increases for employees, Franco said. There are also program improvements that will take place, he said. One of the program improvements is the \addition of four cleaning staff employees, Franco said. Two employees will go to Towers, he said, one to Witaker, and one will be a floater who will fill in for any custodial staff. The increase is also to provide for increased salaries for the custodial staff, Franco said. lt will provide a number of changes and improvement, he said, but the main reason for the increase is to \cover the obligated costs of salaries.' ' Franco said the residential halls added an elevator con- tract. The cost of this, he said, should have ben split 50/50 between Residence Life and the college itself. \The cost of the elevator contract is $60,000 and an increase in the budget will help pay for it,\ he said. A new improvement for fire protection equipment will also be a benefit from the rent increase, according to Fran- co. The college has a $11,000 fire alarm maintanence con- tract, he said. Another issue the budget increase will deal with is the ''improvement and expansion of the Cortland State nightclerk pr,ograrn,\ Franco said. ~ ...... , · . . . ... ·-; - Easy money a By THERESA HOWARD Easy money bas always been a chancey and usually illegal way of acquiring cash very quickly without having worked for it. · The Airplane scheme in which money is invested with promises by promoters for even bigger returns, has been sweeping across the state frollj, Buffalo through Cen- tral New York and has reach- ed as far south as Albany, ac- cording to Nathan Riley, deputy press secretary for the state consumer fraud divi- sion of the state•s attorney general's office. The game violates provi- sions of a New York state general business law known as the Martin Act, according to Michael Hungerford, an assistant Attorney General in .Syracuse. Under the law a chain distribution or invest- ment scheme is defined as a security. which is subject to control. What is it? / This is the latest piece of art addecl to the campus. It is located outside the library. Many students have expressed their dislik~ for this work. See student feedback to the structure on the Opinions page seven. quick catch in scheme said, is by investigators who attend the meetings and take down names of participants. After arrests were made in the Buffalo and Syracuse areas, Riley said, the scheme was short-lived. . According to another assistant Attorney General, Aniel Carl, soon after the at- torney general's office discovered that some people believed the scheme was ap- proved by the office, she \went public\ to disconfirm any rumors. Though local police may n·ot have received com- plaints, Carpenter did not deny the scheme has hit Cort- land. One particiapnt, a student at State University College at Cortland who asked not to be identified, said he won $175 back in a $25 game. After four days, he said, there was enough money in- vested to pay bim off as pilot. If the money wasn't in- vested the meeting would be postponed until enough par- ticipan~s were accumulated, he said. • Participation in a scheme ~uch as this, Hungerford said, is a misdemeanor and violators can be subjected to urn~.pne year in jail. iif~~9tion, fraud or d~..;eliij~)l with regard to .material facts regarding scheme$.,. ·Hungerford said, is a Clasf·E feloney in which case violators are subject to up to four years imprison- ment and a fine that twice ex- ce~ds the money involved in ~~~~~~~L-~~~J·~~~~~~~~~~~~~~~~~ Inm~~~.~~~. ~ the money is returned to the thescheme. · . Lt. Gary Carpenter of the Cortland City Police, said ~h.-ere .have been no com- \plamts filed' in Cor.t:land regarding the scheme. The scheme begins with a promoter who pilots an im- aginary plane. By word of mouth more investors are _ brought into the game as co- · pilbts, flight attendants and passengers. Early investors are the ones who make the · money; Hungerford said. ''People ought to unders- tand there are eight losers for every winner,'' he added. The cost of buying a ticket into a£). Airplane ranges anywhere from $50 to $2,200 Riley said. When the pi: \it is paid off he will be paid eight times his initial investment. After. that pilot collects, Riley said, the two co-pilots split and bring along four fli~ht attendants, who try ~n,d get eight new P€.QP:\\) ·to J0111. The numbers contu;me to escalate until it reaches the entilre . New York state population. The most typical way the sch.eme is discovered~ Riley passengers if the plane doesn't take off. Though the exchange of money reportedly does not take place at these meanings, the pilot of this airplane said the money is exchanged at these m~eetings. According to Riley, the ex- change of cash at the meetings makes it easier for authorities t:o discover the ex- istence of tpe schemes ..

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