JUDGE STOLE BANK’S MONEY: LOST ON HORSES
(10 a.m.) NEW YORK, July 14. James Pellecchia, a 38-year-old police court judge, pleaded guilty at Newark, New Jersey, yesterday to embezzling money from the bank for which lie was counsel and vice-presi-dent.
He said he lost the money on horses. Ho faces a maximum seven-year sentence on each of 20 counts.
The State Banking Commissioner said that Pellecchia had declared it was “nothing to lose 5000 or 6000 dollars a week on horses.”
The commissioner said the judge had forged the names of fictitious borbowers to the bank’s mortgages to obtain the money.
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Gisborne Herald, Volume LXXV, Issue 22690, 15 July 1948, Page 5
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101JUDGE STOLE BANK’S MONEY: LOST ON HORSES Gisborne Herald, Volume LXXV, Issue 22690, 15 July 1948, Page 5
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