Word: defalcatione
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Yoshizane Iwasa, president of the Fuji Bank, which is Japan's largest, found himself held to account for an embezzlement by a minor loan officer in a Tokyo branch. Masao Suganuma, 41, was arrested for taking $5,270,000 through phony loans. Once word got out, President Iwasa was...
While the charges reverberated in Congress and throughout the country U.S. business wanted to know just one thing: how could it have happened? The facts were scanty enough. From Marion came news that the plant's superintendent and assistant chief inspector left on Dec. i. In Manhattan, Henry Donnelly...
"Since the establishment of the Republic not a single military officer of any standing has ever committed suicide because he lost territory or for defalcation of duty. It follows then, that if in them a sense of shame was not born it must be instilled in their minds by an...
But the Marble Savings Bank's secret could not keep forever. Finally State's Attorney Asa Bloomer of Rutland heard of it. Last June he broke the case wide open by ordering the arrest of former Bookkeeper Cocklin for grand larceny making public the details of the fraud...
¶ After 17 years of faithful clerking, Samson Wallach was made cashier of the Stock Exchange firm of Halle & Stieglitz. A dignified man with greying hair, he served eight years in that capacity. Last week he was arrested for defalcation of $329,000. No stockmarket plunger, he had invested in...