SEVENTEEN CHARGES

Manawatu Standard, Volume LVI, Issue 201, 15 July 1936, Page 5

SEVENTEEN CHARGES

SHAREBROKER IN COURT. Per Press Association. CHRISTCHURCH, July 14. Seventeen charges of theft from clients involving £646 were preferred against Richard Nunes, sharebroker, when he appeared in the Magistrate’s Court to-day. Nunes, it was stated, gave himself up and investigations showed that the total misappropriations were in * the neighbourhood 0 f £9OO. but some of the people involved did not wish to prosecute. Nunes, according to his own admission, speculated with the stolen money. He pleaded guilty to all the charges. Chief-Detective Dunlop said Nunes had a considerable business in mining and other shares. On June 10 he called at the detective office and surrendered. saving he had misappropriated clients’ nionev. Thirty-two people were involved in the misappropriations. Seventeen considered he should bo prosecuted and the remaining fifteen would not prosecute. There was no hope of restitution, added the chief detective. The money had liiainlv been collected for shares in the Adamstown Gold Dredging Company, which never went to allotment. Evidence was given by a person who

purchased shares in Wool worths (Sydney) and one in New Zealand Breweries that Nunes failed to deliver the script. On the indictable charges Nunes pleaded guilty and was committed for sentence. On" a summary' charge he was remanded for sentence till July 17. Bail of £2lO was renewed.