2 Chaparral execs granted immunity in $50M plea deal

Article Abstract:

Chaparral Boats Inc executives William S. Pegg and James A. Lane Jr, a board member of the National Marine Manufacturers Assn, were able to forged a deal with federal prosecutors regarding charges of drug smuggling. The deal, which was arranged by Pegg, resulted in the turning over of $50 million in drug money to a federal court in Macon, GA. Pegg, whose brother Joe is serving a 30-year sentence for drug smuggling, was also able to arrange for immunity for his family and his business partner, Lane.

Legal issues & crime

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Rising fuel prices: 'crummy' timing

Article Abstract:

Rising fuel prices have further aggravated the problems of a boatbuilding industry that is attempting to overcome the adverse impact of a sluggish national economy. Lake Erie Marine Trades Assn Pres Norm Schultz noted that significant increases in gas prices have hurt boat sales. On the other hand, a survey of a sample of industry leaders and marina operators found they were generally in agreement that consumers have not changed their boating habits despite complaining about high fuel prices.

Retail sales, Boat building and repairing, Brief Article

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