Word: defrauded
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...fourth day Samuel Insull was arraigned in Federal Court on charges of using the mails to defraud, and of infringement of the Bankruptcy Act. He pleaded neither guilty nor not guilty but submitted that he had been shanghaied from Turkey and was therefore not subject to the Court's jurisdiction...
...photostatic copies made of numberless letters, envelops and documents. In February 1933, after five months' work, the U. S. got an indictment against Samuel Insull et al. The "al." included Sam Jr., Martin and 16 of their associates and friends. The charge was using the mails to defraud; that is, selling the securities of Corporation Securities Co. through the mails as "a good safe and sound investment," whereas they knew the securities were not as represented. The indictment is in general terms, the Government screening its detailed evidence until trial...
Later, since using the mails to defraud is not an extraditable offense in most countries, the Federal Government got another indictment under the Bankruptcy Act. The three Insulls and others were accused of knowing that Corporation Securities was insolvent six months before it failed and therefore of having acted "feloniously and fraudulently" in declaring preferred dividends and putting up additional collateral on bank loans...
...only on the fraudulent bankruptcy charge. Instead he was deported from Turkey as an undesirable alien. As his deportation was stringless, he can be tried on any and all of the indictments. This delights the Government attorneys because they intend to try him first for using the mails to defraud. If he is acquitted on that charge, he will be tried under the bankruptcy law. If that also fails he will be turned over to Illinois to see what that State can do with him in the way of punishment for empire wrecking...
...Nobles of the Sublime Order of the Nile and Knight of the Distinguished Service Order of Ethiopia. On the side he sold stock in his Black Star Line and for that the U. S. Government tried and convicted him in June 1923, for using the mails to defraud. Outside the court one Negro woman fell on her knees. Another walked up to her, slapped her hard. "Get yourself up from there, you crazy lunatic. That big fat bum ain't wuth praying for. He done beat me out of my life's savings." When Garvey...