Word: defraud
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...which was discerned the fine Connecticut hand of Homer Cummings. It revived the old tax evasion charge, added a 50% indemnity for fraud, this time demanded $3,075,103 in back taxes and penalties. It openly accused Mr. Mellon of using his knowledge of income tax machinery to defraud the Government whose servant he was. "It is quite clear," said old Mr. Mellon, "that in my case the Treasury is not so much interested in the collection of revenue as in attempting to discredit...
...Chicago early last month, the U. S. Government set out to prove in Federal court that Samuel Insull and 16 co-defendants had used the mails to defraud investors in his Corporation Securities Co. of some $100,000,000 in nine months. To win conviction, the prosecutors had to show that Insull & friends had deliberately traded back & forth the stocks of affiliates and subsidiaries, had declared unwarranted dividends, had recklessly juggled the assets of the Insull utility empire to give them an apparent value far above their real value. For 23 court days the prosecution and its corps of expert...
...broken, white-haired old man staggered into the Chicago federal courtroom the other day to take his stand in defense of charges to use the mails to defraud in the $100,000,000 sale of stocks of the Corporation Securities Company of Chicago. Mr. Insull's excuse for the greatest of all exploitations of the American people is that he was following the "general attitude" of big business in 1930, backed by the statement of President Hoover that business in America was on a sound and prosperous basis. He further explains that he was doing no more in expanding than...
...Northern Illinois judicial district into a new custom by donning the first black robes ever to be worn in Chicago. Then he stepped into the courtroom to open case No. 26,900, the United States of America v. Samuel Insull and 16 codefendants. The charge: using the mails to defraud in the selling of $143,000,000 of securities in the Insull-controlled Corporation Securities...
...show started last week when the North Dakota Supreme Court issued an order ousting Governor Langer from the office to which he was elected in 1932. According to the State court, Langer was disqualified because in Federal Court last month he had been convicted of conspiracy to defraud the U. S. out of $179.50 in relief funds, had been fined $10.000, sentenced to 18 months in jail (TIME, June 25). Before he was ousted Governor Langer declared martial law, summoned a special session of the Legislature...