ALLEGED RACING FRAUD
MANY PEOPLE VICTIMISED. CASE FOR PROSECUTION. Australian and N.Z. Cable Association. (Heed. 5.5 p.m.) LONDON, Feb. 24. Throe men, Frederick Hunt, his brother George, and Walter Walters, an ex-en-' gineer, were charged at the Barry Police Court with conspiring to defraud a professional punter of £500. Tho Crown Prosecutor said he had to tell a tale more like one from the " Arabian Nighta " than from everyday life. When George Hunt, ia June, 1919, issued b circular asking for money to work a racing system, an avalanche of remittances poured in from all parts of the country at, the rate of 2000 daily. People sold their estates and war bonds, and mortgaged their properties in order to participate Mi the scheme. Some ceased work on the strength of their investments. Hunt was offering £17 a week on every £100 invested. Interest payments were made for two or three months, dwindling to £5 a week, and then stopping. All classes of society were included among the victims.
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New Zealand Herald, Volume LIX, Issue 18026, 27 February 1922, Page 7
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168ALLEGED RACING FRAUD New Zealand Herald, Volume LIX, Issue 18026, 27 February 1922, Page 7
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