Word: worthlessly
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Clark W. Parker and his son Wyman stood before Federal Judge John Munro Woolsey in Manhattan last week, were fined $11,000 each and sentenced to five years in Atlanta Penitentiary for conspiracy and using the mails to defraud. Worthless was not only $1,250,000 worth of stock in Automotive Royalties Corp. but also that of two previous companies Mr. Parker had formed. Many a mulcted clergyman sadly agreed when Judge Woolsey called him "an enemy to society." Swindler Parker shrugged...
...dummy organizations, headed by Herbert Singer, were formed. Each was capitalized at $100, issued 100 shares of stock. They were called Premier Holding Corp. and Bolivar Development Corp. Bankus reappraised its holdings at $8,000,000, the amount it owed the bank, traded them to Premier for its worthless stock. Then Bankus sold the stock to Bolivar for $4,800,000 on credit. Then, to get some actual money into the deal, three safe deposit companies controlled by Bank of U. S. borrowed $8,000,000 from the bank, bought Premier's shares from Bolivar. Bolivar then paid...
Petty thieveries, unintentional borrowing, wilful destruction of valuable portraits, fraudulent representation of works of art of Fogg, a racket of passing worthless checks on parents and friends of Harvard students, and the recently exposed racket of stealing and selling fine books from many libraries, Widener included; such is the lot which has fallen to Harvard and Harvard men during the past year. The University in the last twelve months has been subjected to an increasing number of these criminal actions, several a which have had not only a serious financial effect, but also done irreparable damage...
...walked into the Hall of Justice and surrendered to his recent chief. Wise to the ways of prosecutor and press, he would make no statement. But with the information that Candidate Clark had bought a .38 calibre revolver the day before the killing (and paid for it with a worthless check) and that he had not gone home since then, District Attorney Fitts charged him with murder...
...order as one for 120,000 tractors should be placed by the Imperial Conference at a single clip. Dr. Owen dispelled this surprise, borrowing at the same time from Ford, Ltd. $170,000 for his Institute's "experiments." Thus Dr. Owen had enough money to make good his worthless check-although...