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£400,000 Swindle.

WOMAN WHO MANAGED A "GET KICH-QUICK " SCHEME. From the latest revelations (says the "Daily Mail") of the "get-nch-quiok" swindle carried on by the "Storey Cotton Company," of Philadelphia, it would appear that tba promoters cleared over JMOO.uOO. Although they wore supposed to speculate m cotton and earn enormous profita for investors, it is now proved that very few speculations were entered into. The gang simply pocketed the money entrusted to them. The police have also discovered that oophie Beck, the company's shorthand olerk, took the foremost part m organising and directing the swindle. The woman, who ia extremely attractive, a3 well as shrewd and unscrupulous, had a remarkable career. Bhe started m Chicago a few years ago as a stenographer, and eventually went intu partnership with Frauoh Marrin. another of the gang, who had figured m numerous frauds. The two launched various scheme to fleece the public, and cleared large sums. Marrin and several others at'torwards started the Storey Cotton Company, and Beck was installed as secretary at a salary of .£IOO per month, with a large interest. She wrote enticing letters Co investors, managed the correspondence and advertising, appointed agents, aad took charge of the money. Foreseeing danger recently, the woman gathered all the available funds, and, ie is believed, deposited them somewhere abroad. When the crash came, the luembers of the gang disappeared, with the exception of Stanley Francis, one of (he managers, who was captured m Philadelphia. Jle was found to be living luxuriously, aad indignantly protested whon the police refused to allow him to drive to prison m an automobile with his valet.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19050524.2.32

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXII, Issue 6578, 24 May 1905

Word Count
269

£400,000 Swindle. Ashburton Guardian, Volume XXII, Issue 6578, 24 May 1905

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