CHARGES .OF THEFT

Evening Post, Issue 12, 14 July 1936, Page 11

CHARGES .OF THEFT

SHAREBRQKING CASE

A VOLUNTARY SURRENDER

(By Telegraph.—Press Association.) CHRISTCHtTRCH, This Day. Seventeen charges of theft from clients involving £646 were preferred against Richard Nunes, sharebroker, when he appeared in the Magistrate's Court today.

Nunes, it was stated, gave himself upland investigations showed that the total misappropriations were in the neighbourhood of £900, but some of the people involved did not wish to prosecute. Nunes, according to his own admission, speculated with the stolen money. He pleaded guilty to all the charges.

Chief-Detective Dunlop said that Nunes did considerable business in mining and other shares. On June 10 he called at the detective office and surrendered, saying he had misappropriated clients' money. Thirty-two people were involved in the misappropriations. Seventeen of them considered' that he should be prosecuted, and the remaining fifteen would not prosecute. There is no hope of restitution. The money was mainly collected for shares in the Adamstown Gold Dredging Company, which never went to allotment.

F,vidence was given by a person who purchased shares in Woolworlhs (Sydney) and another of New Zealand Breweries that Nunes failed to deliver the scrip.

On the indictable charges Nunes pleaded guilty, and was committed for sentence. On the summary charge he was remanded for sentence to July 17. Bail was renewed in £210.