ALLEGED GREAT FRAUDS BY STOCKBROKERS.
A Correspondent to a London paper writes : —The detective force of the city of London police have been recently engaged, under the direction of Detective-serjeant Outram, in making enquiries into extensive frauds which, it) has been known have been perpetrated by certain stockbrokers in the city of London. The manner by which the frauds have been committed is by inducing the public by circulars and other means to forward money for investment or speculation in stocks and shares. Neither the money nor the shares are heard of afterwards. During the past two years, six different stockbrokers who have been posing before the commercial world as men of the highest respectability and integrity have been discovered by the police to be committing wholesale fraud, and have been stopped. The greatest mystery is that they are not to be prosecuted ; but this reluctance on the part of the defrauded ones is explained as arising from their indisposition to appear in the light of public criticism as having been hoaxed out of their money.
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New Zealand Herald, Volume XXIII, Issue 7567, 20 February 1886, Page 2 (Supplement)
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176ALLEGED GREAT FRAUDS BY STOCKBROKERS. New Zealand Herald, Volume XXIII, Issue 7567, 20 February 1886, Page 2 (Supplement)
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