Word: prospectuses
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...stockholders in 1926 and 1927 by publishing statements showing annual net profits of over a million dollars, when the company was actually losing nearly three times that much and dividends were being paid from a secret reserve fund of which the stockholders had no knowledge; 2) issuing a false prospectus of debenture stocks "with intent to induce persons to entrust or advance property to the company...
...jury was out three hours, found Lord Kylsant innocent of presenting false financial statements, guilty of issuing a fraudulent prospectus. Mumbled the judge in a voice so low that it could scarcely be heard...
...private morality and his railing at the modern cinema fertilized the soil for this roguery. The Manhattan flimflammers went into Massachusetts, Connecticut, New York, New Jersey, Pennsylvania and Maryland, six States which contain one-half the U. S. Roman Catholic population,* and found priests eager to hear the prospectus of their "National Diversified Corp." The corporation proposed to make "movie and talkie pictures of thoroughly high-class, moral type, such as would appeal to church people." They promised that their major picture, Mary the Virgin, would be reverent in plot, the scenes proper. The hierarchy would certainly approve. But money...
...idea to his company. Big Detroiters backed him after he got enough contracts from automobile makers to keep the proposed company busy. This was, of course, Michigan Steel. Last year when he formed Great Lakes Steel he sold $20,000,000 worth of stock to friends without even a prospectus, had the satisfaction of seeing the issue oversubscribed by 50%. His only compensation was the right to buy within five years 20,000 shares at $50, the offering price. Handsome, eloquent, self-assured, he seldom works less than twelve hours a day, is called Busiest Man in Detroit. But sometimes...
Frankly trading on the interest created by Rear Admiral Richard Evelyn Byrd and cinema films of his exploit now showing throughout Britain and the U. S., Commander Stenhouse. who sailed to the Antarctic under Shackleton in 1909, said last week in his prospectus...