Word: devendorf
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Dates: during 1930-1939
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...Warriner and five corporations* on 14 counts of mail fraud and one of conspiracy. Principal transaction named in the indictment was a neat little deal whereby Wallace Groves was said to have made $300,000 out of General Investment Corp. in 1936. A group headed by ex-President George Devendorf of General Investment wanted to sell the corporation 20,000 shares of its preferred stock at $87.50 a share but was told the company was not in the market. Wallace Groves said he would buy it personally, and did, but not before he had resold it to General Investment...
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