GAOL FOR SWINDLING
Sol Estes Gets Eight Years
(N Z.P. A.•Reuter—Copyright) TYLER (Texas). Jan. 26
Billie Sol Estes, the Texas businessmen charged with fraudulent deals involving millions of dollars, has been sentenced to eight years' imprisonment for swindling, after being denied a new trial.
His lawyer immediately announced he intended to appeal to the Texas Court of Criminal Appeals.
Sol Estes, once a multimillionaire business “boy wonder" and now bankrupt, was found guilty last November of swindling a Texas farmer by inducing him to sign a 94500-dollar mortgage on chemical fertiliser tanks. He still faces trial on other indictments alleging theft, swindling, mail fraud, false statements and antitrust violations.
Sol Estes, a non-drinker and non-smoker, went into the mortgage business in a big way. He collected millions of dollars from Texas farmers in deals involving land a id storage tanks. But in spite of thia, be ended up losing at least 12 million dollars.
Everybody is always talk-it-g about the weather, but nobody ever does anything about it—Mark Twain.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19630129.2.84
Bibliographic details
Press, Volume CII, Issue 30042, 29 January 1963, Page 11
Word Count
169GAOL FOR SWINDLING Press, Volume CII, Issue 30042, 29 January 1963, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.