THEFT FROM STORE
MONEY USED TO BUY SHARES
new York, nov. io. A salesman who took 50,000 dollars over a number of years in a wellplanned swindle from his employers, Macys’ department store, and invested it in MAcys’ shares and savings bank accounts gave all the money back when he was- arrested. He is Hugh Hickey, aged 58, who was charged to-day with stealing the money from the. store whefe he was continuously employed for 26 years. i The prosecuting lawyer told the Magistrate that Hickey wrote “fake refund requests from fake for non-existent goods returned with fake complaints.” He " sent these through the ■ store’s pneumatic cash tube, and when the refunds came back he pocketed them. . The prosecutor alleged that Hickey obtained from 50- to 250 dollars a day. He did not spend the money, but invested it in git-edged stock, Macys’ shares, and a savings bank account. He was remanded until November 16.
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Bibliographic details
Ashburton Guardian, Volume 70, Issue 28, 12 November 1949, Page 7
Word Count
155THEFT FROM STORE Ashburton Guardian, Volume 70, Issue 28, 12 November 1949, Page 7
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