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WFO 77=44395 that ten companies, including the United States Petr>leum : . . Carriers, Incorporated, which was mentioned in the preceding section of this report, were represented by the Rosenbaum Law Firm which acquired a total of thirty-three surplus vessels. In the case of the United States Petroleum Carriers, Incorporated, the Sub-Committee found that in 1947 the Rosenbaum Firm, Zhrough ROBERT W. DUDLEY, had represented —_—— one CONS Tan TINGAKONTALIDIS, @ Uruguayan citizen of Greek oricin, in the latter's efforts to purthasé surplus vessels from the Maritime Commission. This application was denied by the Conmission o: September 12, 1947, because it was felt that a sale to a non- citizen for Panamanian flag operation would remove the vessels from “effective control of the United States." Two weeks later, the Rosenbaum Firm organized the United States Petroleum Carriers, Incorporated, as a citizen corporation with an authorized capital stock of as tid shares; 600 shares of the stock were issued fo ROBERT W, DUDLEY, Admiral H. L.WeOWEN, and ROBERT L®sERENSON, all of whom were United Stated citizens, 400 sharéS remained unissued as of — that date. On December 30, 1947, the Maritime Commission approved the sale of four T-2 tankers to United States Petroleum Carriers, Incorporated n the same date, the Socieda ndustria Maritima FinancierafAriona, Panama, South America, owned b one ARISTOTULES S.A0nASSiS and his two cousins, NICHOLAS ‘and THTS PONS PAMMTTNE CONTA wha seams nat TImnthad Ctoatan attigan Wa a 2 SRY LV TAN AN A RD ae Wii were AV YLILVOU YWUaULoo citizens, purchased the remaining 400 shares of the authorized stock. During the following six months, the above-mentioned Panamanian Corporation, owned by ONassIS and the KONIALIDIS brothers, who had failed originally as purchasers, acquired an_., additional Some 52505. eiving thema /C total of 490 shares, or a 49 per cent interest in the Corporation. At the same time, BERENSUN reduced his own each of the three United States citizens, identifi eas ! CLIFFOnD w. CanVnn, OLA pOKIEA IS, and Aknh ©, AoTukb.. The | result was that in a six-m@fith period followings the allocation™ of the four tankers to the United States Petroleum Carriers, Incorporated, allegedly, a United States Citizen Cornoration foreisn interest, in the person of ONassIS and the KO.ta LbD1o ate aj