SCATHING JUDGMENT
"FINANCIAL PICKPOCKETS"
E. T. HOOLEY AND A. COTTON
MILL DEAL.
(Received February 25, 3 p.m.)
LONDON, 24th February.
George Marple, of Sheffield, was awarded £12,500 owing to fraudulent representations by K. T. Hooley in connection With the sale of the Jubilee Cotton Mill during the recent boom. Mr. Justice Russell, in a scathing judgment described Hooley and his associates as financial pickpockets of the worst kind, and ordered the documents to bo impounded to enable the authorities to determine whether it was possible to punish them. The evidence showed, that ■ Hooley , and his co-directors arranged a fictitious dividend of 33 per cent., to be paid out of capital, in order to foist Jubilee shares upon an unsuspecting public.
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https://paperspast.natlib.govt.nz/newspapers/EP19210225.2.111.7
Bibliographic details
Evening Post, Volume CI, Issue 48, 25 February 1921, Page 8
Word Count
120SCATHING JUDGMENT Evening Post, Volume CI, Issue 48, 25 February 1921, Page 8
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