Word: hirshhorn
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Dates: during 1950-1950
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...danger signal for would-be investors. Two of the company's chief stockholders and promoters, said Goldstein, had police records. One was Maurice E. Young, who was convicted and jailed 20 years ago in Canada for stock manipulation. The other was Joseph H. Hirshhorn, twice convicted and fined "for violating the foreign-exchange laws of Canada...
Young and Hirshhorn, Goldstein said, had come into the McNutt company by virtue of a deal with a Canadian company called Pax Athabasca Uranium Mines, Ltd. which Young and Hirshhorn control. Last summer they swapped the company's Saskatchewan land claims for 1,800,000 shares of American-Canadian. News of the swap, said Goldstein, had sent Pax Athabasca's stock soaring (recent price: $28 v. 5? in 1949). Counting the shares in American-Canadian Uranium held by Pax Athabasca, said Goldstein, insiders owned 83% of American-Canadian's stock. All told, they...