FIRM CHARGED
SENSATION CAUSED HUGE ORGANISATION ALLEGATIONS OF FRAUD ACTION IN AMERICA By Telegraph—Press Association—Copyright (Received December 15, 10.40 p.m.) WASHINGTON, Dec. 15 Charges of fraud against the Fidelity Investment Association, one of tho 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 Ilichard Whitney failure. Action was brought against the concern to-day alleging violation of State and Federal laws. Tho 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
New Zealand Herald, Volume LXXV, Issue 23222, 16 December 1938, Page 11
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108FIRM CHARGED New Zealand Herald, Volume LXXV, Issue 23222, 16 December 1938, Page 11
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