Sensational Fraud Charges
(Received 8.30 a.m.)
WASHINGTON, December 15,
Charges of fraud against the Fidelity Investment Association, one of the largest investment firms in America, operating 57 offices throughout the country, and with sales aggregating 600,000,000 dollars in securities, will, it is feared, precipitate the most serious disturbance of the financial community since the Richard Whitney failure.
Action was brought against the concern alleging violation of State and Federal laws. The company’s officers include a former United States senator, a State Governor, a former United States Treasurer, and an Assistant United States Attorney-General.
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Bibliographic details
Northern Advocate, 16 December 1938, Page 5
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93Sensational Fraud Charges Northern Advocate, 16 December 1938, Page 5
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