PUBLIC DEFRAUDED
False Company Prospectus SCOTTISH SILKS CASE Edinburgh, April 11. The Scottish Amalgamated' Silks ease ended after thirty-three days' hearing, the longest criminal trial in Scottish history. Of the seven defendants who were ultimately placed in the dock, Alexander Young, of Wigan, was sentenced to three years’ penal servitude, and George M. Todd, of Glasgow, to six months. In the case of the remaining five accused the verdicts were either not guilty or not proven. The charges included defrauding the public of £39.000 by a false prospectus. .. The seven defendants were also charged with fraud and misappropriation of £362,733. Four of them were charged in addition with uttering fabricated share transfers. The trial began last February, and had to be recommenced because of the illness of a juryman. Scottish Amalgamated Silks was a £2.000.000 company.
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Bibliographic details
Dominion, Volume 25, Issue 169, 13 April 1932, Page 9
Word Count
136PUBLIC DEFRAUDED Dominion, Volume 25, Issue 169, 13 April 1932, Page 9
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