BROKERS SENT TO PRISON.

Press, Volume LXVI, Issue 20086, 15 November 1930, Page 18

BROKERS SENT TO PRISON.

CANADIAN FRAUDS. appeals abandoned. (VNITED PRESS ASSOCIATION--BI ELECTKIQ TJSWSOHAPH—OOr**IOHT.; VANCOUVER, November 13. The dishonest brokers who last year robbed the Canadian public of millions of pounds in a great saturnalia of stock market gambling, are being sentenced to prison in an official cleanup of the brokerage business, which is now sweeping Canada. To-day Isaac Solloway and Harvey Mills, who were partners, finally abandoned their appeals and started serving their sentences. An examination of their books showed that they made a profit of £8,000,000, of which they probably have £5,000,000 still safely sequestered in foreign banks. They have paid fines of £150,000 and about £3,000,000 has been repaid to ruined customers who were able to prove direct losses. EIGHT SENTENCED. MINING CONSPIRACIES. TORONTO, November 13. Eight brokers were given individual sentences ranging from two to three years, and totalling twenty-one years, by. Mr Justice Jeffrey at the Assizes to-day. Appeals have been entered. With the exception of two cases the proceedings followed trials on various charges of conspiracy to defraud the public. The accused were members of five large Toronto mining brokerage houses, against whom the prosecution was instigated by the Ontario Government last winter.