ASTONISHING STORY

Manawatu Standard, Volume L, Issue 110, 5 April 1930, Page 9

ASTONISHING STORY

THOUSANDS IN A SUITCASE.

MAN WITH BETTING SCHEME. IMPRISONMENT FOR FRAUD. (United Press Association.—By Electric Telegraph.—Copyright.) Received April 5,--9.5 a.m. April 4. The astonishing story of a man who walked the streets carrying £83,000 contained in two suitcases is told by the Daily Express. Frederick William Woods, who is at present living in London, conceived the idea of backing racehorses . with other people’s mbney, promising a return of £5 per week for every £IOO invested, providing that there was three., days’ racing iii a week. He started business' at Cardiff, and the money 'poured in alarmingly. Woods’s luck was amazing. _ Then, without offering an explanation, a Cardiff bank, and afterwards two banks at. Nottingham refused dealings with him. “I got two strong suitcases, .collected the money from the banks and found myself in'the streets with £83,000,” stated'Woods to'a newspaper representative. ' “When I was staying at a London hotel I was counting money on •the top of the bed when a maid entered and screamtd: ‘Burglars!’ I carried the suitcases around until business declined' and' I sold Later I was arrested and got‘fifteen months’ imprisonment; on a-charge of fraud. “The police claimed' that some of my clients had not' received the money due to them.' 'I say that I paid everyone.”