ALLEGED FRAUDS
CHARGE OF CONSPIRACIES.
SIXTEEN CANADIAN BROKERS. MANIPULATION OF MARKETS. (United Press Association—Copyright.) (Received This Dav, 11.40 a.m.) VANCOUVER, January 30. A financial sensation has been created'throughout the nation bv thearrest of 16 stock brokers for alleged conspiracies to defraud the public through manipulation of the market. One old firm, Stobie and Furlong, was assigned after both principals had been arrested. Millions of dollars are involved. It is alleged that the broilers, acting co-operatively, ran prices oi stocks up or down to suit their nurposes and took clients’ money without executing the directed purposes. The provincial Governments are endeavouring to avoid a financial panic.
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Bibliographic details
Ashburton Guardian, Volume 50, Issue 94, 31 January 1930, Page 5
Word Count
105ALLEGED FRAUDS Ashburton Guardian, Volume 50, Issue 94, 31 January 1930, Page 5
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