TURF BETTING SWINDLE.
GET-RICH-QUICK LURE. LONDON, May 1* In the '* Whetherby and Sons " " get-rich-quick" case, Morris was acquitted and Wood was, sentenced to 15 months' imprisonment and Howells to six months in tho second division.
The storv iold at the Old Bailey revealed a remarkable getrich-quiek scheme. The Crown aliened that the prisoners started business in Cardiff in the name of F. D. Whetherby and Sons. They invited investments promising interest at 17 per cent, weekly, or 884 per cent, yearly. . Subsequently they established offices at Nottingham and Paddington, and received altogether £238,000. "Money poured in at such a rate that two banks refused 'to continue accepting the business, which was described in the vaguest terms in circulars inviting investment. The public soon discovered that it was concerned with betting on horses.
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New Zealand Herald, Volume LIX, Issue 18087, 11 May 1922, Page 7
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132TURF BETTING SWINDLE. New Zealand Herald, Volume LIX, Issue 18087, 11 May 1922, Page 7
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