BANK’S HUGE LOSS
THIEVING BY OFFICERS. NEW YORK, May 28. A lawsuit which' has been started against a bonding company at Flint, Michigan, marks the final stages of the greatest single embezzlement from the Union Industrial Bank of Flint, Michigan. A seven months’ audit showed a shortage of £750,000, and 12 former officers are serving prison sentences. The bank is suing a surety company to make good £600,000 which was lost in the Wall Street panic.
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Greymouth Evening Star, 13 June 1930, Page 2
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76BANK’S HUGE LOSS Greymouth Evening Star, 13 June 1930, Page 2
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