Word: defraud
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Dates: during 1930-1939
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...jury that Banker Mitchell's "dummy" stock sales had been perfectly legitimate, that the $666,666.67 which Mr. Mitchell had received from National City Co. was no taxable bonus but a loan, that his client was a financial martyr, not a tax slacker who had tried to defraud the Government of some $850,000. Well content, smart Lawyer Steuer was to be found at his office at No. 11 Broadway, working on more routine cases...
...these revelations lay a point for a defense that must prove no intent to defraud. It was not so much the sale as the repurchase at the same price that aroused the U. S. Government's suspicions. By repurchasing the stock he sold her, Mr. Mitchell got his wife's small fortune "out of hock," whereas he became merely a little more in debt to the House of Morgan than he was before. Was his motive, then, prudence rather than tax-evasion? Elizabeth Rend Mitchell is not in the courtroom. A large matronly woman with two grown children...
...Daniel, their sons Rowland, 10, and Dean, 7; by their own hands (carbon monoxide); on a country road 15 mi. south of Minneapolis. The crash of Wilbur Burton Foshay's Northwestern utilities empire in 1929 brought him & associates, two years later, Federal charges of using the mails to defraud. After an eight-week trial. Mrs. Clark, only woman member of the jury, hung the case by singly holding out for acquittal (TIME, Nov. 2, 1931).* Convicted of contempt of court for concealing the fact that she had once worked for Foshay (two weeks as a stenographer), she was sentenced...
...chairman of the Federal Trade Commission. It was largely patterned after Britain's Companies Act. Five years in jail and a $5,000 fine awaited the crooked U. S. stock promoter or corporation official who today must be caught by the roundabout charge of "using the mails to defraud." The proposed legislation did not make all stock issues foolproof but it did attempt to divide investment sheep from speculative goats. When House hearings started on the measure during the week, Representatives were shocked to learn from a Department of Commerce expert that of the $50,000,000,000 worth...
Last week the following were news: A Federal grand jury in Chicago last week indicted 19 officials of the bankrupt Insull holding company, Corporation Securities Co., for using the mails to defraud. Among those indicted (on 25 counts) : The Insulls, Samuel, Martin John and Samuel Jr., Edward J. Doyle, president of Commonwealth Edison Co., Harold Leonard Stuart, head of Insull bankers Halsey, Stuart & Co., Stanley Field, board chairman of Chicago's big Continental Illinois National Bank & Trust...