EMBEZZLEMENT
TEN BANK EMPLOYEES CHARGED
SPECULATION THAT FAILED.
SENSATION IN UNITED STATES
(United Prose Association—By CableCopyriglt)
(Received 13, 9.45 a.m.)
New York, Nov. 12.
A message from Flint, Michigan, states that ten employees of the Union Industrial Bank have been charged with embezzling cash and securities to the value of 3,592,000 dollars (’uing the past few months, which is believed to constitute the largest embezzlement in the history ,of the United States. It is alleged that they used the money and securities to speculate just before the market crashed. Tho money is lost but the securities have been recovered. The bank’s president deposited over two million dollars of his private fortune to guarantee customers.
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https://paperspast.natlib.govt.nz/newspapers/HBTRIB19291113.2.61
Bibliographic details
Hawke's Bay Tribune, Volume XIX, Issue 282, 13 November 1929, Page 7
Word Count
114EMBEZZLEMENT Hawke's Bay Tribune, Volume XIX, Issue 282, 13 November 1929, Page 7
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