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FORGERY.

A forgery of a cheque for £5000, purporting to be signed by Mr James Grace, of the wellrknown firm of Messrs Grace, Sumner, and Co., of Melbourne, was carried out a few days ago under extraordinary circumstances, At about the middle of. last m,o.nth, a person repre. senting himself as Samuel Grace, called at the head office of the Colonial Bank of Australasia, and giving his address as at the Melbourne Club, opened an account with the Bank and paid m a sum of £20. He entered intp a conversation with the Bank officials, m the course of which h« stated that he contemplated haying very large monetary transactions with them shortly, amd ho, suspicion whatever was moused as to his good faith. On the 29th

the alleged Samuel Grace again called at the Colonial Bank, and handed m a cheque payable to Mrs Fanny Grace, signed by James Grace, for £5000. In the -ordinary way the chequt, was sent to the Union Bank for verification, and there it was marked "All right,", and returned'to the Colonial Bank. On the following .morning the forger called at the latter Bank, and on the plea of some-pressing business necessitating, he requested to be paid m notes the sum of £5000 which had just been placed to his credi.*. The cheque having been guaranteed by the Union Bank the money was at once paid over, and it was not till a week had elapsed that Mr James Grace found himself debited with the amount, and the fraud ■was discovered. The result of an investigation was that warrants were issued for the arrest of Cecil M. Ledger, thirty years of age, and described as a sharebroker, and of his brother, William B. Ledger, who Was a ledger clerk m the Union Bank, and who marked the forged cheque as all right, thus enabling the fraud to be carried out. W. B. Ledger was immediately arrested.- He had wired to his brother, who was m Sydney, and the latter appears to have got clear away. It has since been discovered that the two brothers had for same time worked a bogus account at the Union Bank. Cecil Ledger had carried on ail account m the name of Edward Cash, a man of means, who had closed his account at the Bank, but left some money with them on deposit. The brother, acting as ledger keeper, enabled this fraud also to be I worked successfully.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG18900922.2.11

Bibliographic details

FORGERY., Ashburton Guardian, Volume VII, Issue 2524, 22 September 1890

Word Count
410

FORGERY. Ashburton Guardian, Volume VII, Issue 2524, 22 September 1890

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