Word: frauds
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Dates: during 1930-1939
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...indictment makes no reference to the details of the supposed fraud and misrepresentation in the case. The crime has been committed, says the Grand Jury, because on such & such a date some of these securities were sent to purchasers through the mail. This evidence when presented to the trial jury may be supported by an attack on the accuracy of certified balance sheets and operating statements, or it may deal with careless preparation of sales circulars which resulted in "misrepresentation" and loss to purchasers. If it is the latter aspect, one item for comment will be the sale...
...Straus-sponsored bond defaulted, huge losses piled upon Straus investors. Last week, charged with selling bonds on properties whose taxes were in default and first mortgages that were not first mortgages, the company was thrown into receivership. Special law applied was New York's Martin Act which defines fraud as "all deceitful practices contrary to the plain rules of common honesty." Said Justice Alfred V. Norton in ordering the receivership: "It is tragical, to say the least, to compare the practices as engaged in by the defendants with the glowing representation of good faith set forth in the particular...
...charge leave much to be desired in their enforcement of the new rulings. Students who had not registered were admitted to the recent examination for Reading Knowledge of French. Registration blanks were carelessly distributed by the proctors to all who were without the proper identification, so that the boldest fraud could have been carried out with impunity...
...Prohibition Party's keynote was delivered by Clinton Norman Howard, old-time Dry lecturer of Rochester, N. Y. Excerpts : "The Republican liquor plank . . . is the most stupendous, titanic, colossal, calamitous, crimson, conscienceless, barbaric and cataclysmic fraud ever perpetrated upon the American people. . The Democratic plank is perforated with corkscrews and bungholes. ... If the Democratic party wins, the 18th Amendment is doomed and damned. ... If the Dry Democrats of the South rejected Alfred E. Smith, as they said, not on account of his religion but because he was Wet, how can they support the ticket now with both candidate...
...obtain redress from the bankers of these companies? Last week an answer to this much-asked question drew closer. In Manhattan one Florence Bramson, owner of five International Match $1,000 debenture bonds (worth $17.50 each last week), brought suit against Guaranty Co. and Lee, Higginson & Co., charging not fraud but misrepresentation of facts. Another suit against Lee, Higginson & Co. was filed last week by Alice F. and Edith S. Tilton of Milton, Mass., owners of Kreuger & Toll securities. They too charged misrepresentation, sought their money back...