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Word: swindlers (lookup in dictionary) (lookup stats)
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Last month Promoter Bob, his hair thinner but his personality still as bland as ever, was in new trouble. Again he went on trial in Manhattan for using the mails to defraud. According to Assistant U. S. Attorney Leo Fennelly, who has helped run down many a noted swindler (including Banker Joseph Harriman), Promoter Bob had sunk so low he had taken to selling gold bricks. In 1932 he acquired Bankers Service Co., which was founded in 1908 to solicit accounts for savings banks and which he turned to investment counseling. Its chief counsel, according to the charge...

Author: /time Magazine | Title: SECURITIES: Gold Bricks | 2/13/1939 | See Source »

When investigators closed in, one of Swindler Bob's front-men threatened to kill Prosecutor Fennelly and then commit suicide. He was sent to the psychopathic ward of Bellevue Hospital. Last week Promoter Bob was sent to jail for seven years. He had lost his touch. It took the jury only two and a half hours to convict...

Author: /time Magazine | Title: SECURITIES: Gold Bricks | 2/13/1939 | See Source »

...January 1930, a swindler named Clarence Charles Hatry stood at the bar of London's Old Bailey, heard himself convicted of "one of the most appalling frauds which ever disfigured the commercial reputation of this country." The collapse of Promoter Hatry's $10,000,000 forged bond bubble in September 1929 had sapped confidence in The City, helped to precipitate the U. S. stockmarket crash, and hastened worldwide Depression. Hatry was sentenced to 14 years in prison, two -of them at hard labor. Last week, having served nine years of his sentence and having impressed Home Secretary...

Author: /time Magazine | Title: Business: Echoes from the Past | 2/13/1939 | See Source »

...morning in March 1932, a swindler named Ivar Kreuger lay on his bed in a Paris apartment, put a bullet through his heart. Kreuger & Toll's subsequent collapse sapped confidence in financial wizardry, helped to precipitate Roosevelt reforms. Last week Kreuger & Toll's U.S. ,estate paid its final dividend to claim-holders, bringing its total payments to $2,743,582. With payments by the Swedish estate, the burnt-up Match King's burnt-up creditors have so far collected a scant $22.000,000 out of original claims...

Author: /time Magazine | Title: Business: Echoes from the Past | 2/13/1939 | See Source »

...School, who were living not in the Yard or in Houses but in boarding houses or apartments. Until "Geer" is known to be operating within University precincts, trespassing, the racket is exclusively a Cambridge police problem. Colonel Apted provided the town inspectors with a photograph of the swindler to help them in tracing...

Author: NO WRITER ATTRIBUTED | Title: TOWN POLICE SEEK "GOODS SALESMAN" | 1/6/1939 | See Source »

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