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.
Permanent link to this item
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
Using This Item
NZME is the copyright owner for the Hawke's Bay Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.