FRAUDULENT FINANCE.
"THE ROYAL P.OAD TO MONETMAKING. James Partington, alias Byrant, aged 2J, was sentenced on February 9th by the Liverpool Stipendiary to nine months' hard labour after pleading guilly to a charge of obtaining various sums of money by false pretences. Prisoner's method was to seiid out a circular to persons of small m«uis desirous of investing, and in this ho purported to show what he termed the royal road to money-making through getting for small invest jrs a -<hare in the huge profit's made in cotton, l>y the «>ttou rings. Oy this means, sums of money were obtained from various people, to whom a contract note was sent. No sort of cotton business was carried on on prisoner's promises in Liverpool, and the prosecuting solicitor said that, the money simply wont into the prisoner's pockets. There was no bank account, no record <*»f transactions, and it was out of the sums invested by various people, amounting to over £000 iv three months, that the prisoner was able to keep outsiders quiet by paying what appeared to be profits out of their own capital to the amonn-t of £20.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19140402.2.68
Bibliographic details
Auckland Star, Volume XLV, Issue 79, 2 April 1914, Page 8
Word Count
190FRAUDULENT FINANCE. Auckland Star, Volume XLV, Issue 79, 2 April 1914, Page 8
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