Word: keystoning
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Dates: during 1930-1930
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...EXCHANGE UNDER INDICTMENT. To casual readers it of course suggested malpractice, dishonesty, perhaps collapse of the Exchange. To people familiar with the case, however, it seemed more an unfortunate technicality. Two dishonest employes of the Bank of Italy had been operating "dummy"' accounts through the firm of Leib, Keyston & Co., whose senior partner. George N. Keyston, California socialite, is president of the Exchange. Other San Francisco brokers, claiming the firm could not have known these accounts were false, refused to receive customers who wanted to switch from Leib. Keyston, refused to accept the permanent resignation of President Keyston. Meanwhile...
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