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...total of 37½% paid since the first attempt were made to unravel Ponzi's wrecked web, destruction of which brought down several Boston trust companies. Charles Ponzi is now in Boston State Prison. In 1920 he was sent to a Federal penitentiary for using the mails to defraud. In 1924 his term was over, but he was convicted on a State charge sentenced for seven to nine years. In the interim he was released on bond and hurried to Florida where he tried a lame scheme. He got in trouble with Florida's courts, attempted to flee...

Author: /time Magazine | Title: Business & Finance: Ponzi Payment | 1/5/1931 | See Source »

...They do not desire the freedom of the city whereby they will defraud the King or this city of any of its rights, customs and privileges. . . . They will pay their Scot, bear their lot, and so they...

Author: /time Magazine | Title: GREAT BRITAIN: Good Name & Fame | 11/17/1930 | See Source »

Detectives got busy. Mrs. Clementine Briggs Doran was haled into court, held in $20,000 bail, charged with grand larceny and conspiracy to defraud. William Wilbur J. Cooke prudently disappeared. Also missing was a Mrs. E. E. Caroline Saunders of New York. Meanwhile Inspector Warren H. Liese of the Boston Bureau of Criminal Investigation journeyed to New York, added immeasurably to the detective-story air of the whole business by producing the traditional sinister oriental, an expert Japanese repairer of antique porcelain who labors in a little art shop on Sixth Avenue, Manhattan and is known as "Mr. Chicago." Inspector...

Author: /time Magazine | Title: Art: Fake Lowestoft | 11/3/1930 | See Source »

...love-making agent communicated with Manhattan, making charges. Last week?result of his efforts?Examiners Samuel Stansfield and William F. Gilroy were indicted by a Federal grand jury on two counts: conspiring to defraud the Government, accepting bribes. Also indicted last week were customs brokers and a truckman involved in the conspiracy. Previously indicted, sentenced to Atlanta, were Paul Rabkin and Joseph Y Perelman, onetime Superfine Watch Co. partners, by questioning whom Federal Judge Henry Warren Goddard hopes to arrest more of their associates. Last week he told them: "I don't believe your story. Both of you men have...

Author: /time Magazine | Title: CORRUPTION: Under a Swiss Moon | 7/28/1930 | See Source »

...Chicago, President Edward Joseph Kelly and five members of his South Park Commission were indicted last week for conspiring to defraud the Sanitary District of $5,000,000 in public monies...

Author: /time Magazine | Title: Letters: Jul. 7, 1930 | 7/7/1930 | See Source »

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