COMPANY FAILURE
- PROMINENT MEN INDICTED FRAUD CHARGES TO BE FACED PHILADELPHIA, Nov. 20. Twelve bankers and lawyers were indicted by the Federal grand jury in connection with the 132,000,000dollar collapse of a Philadelphia company guaranteeing mortgages. They were charged with conducting an unlawful scheme to defraud by using the mails. Upon consenting to receivership the company had a working balance of exactly 13,000 dollars.
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Bibliographic details
Otago Daily Times, Issue 23045, 23 November 1936, Page 9
Word Count
64COMPANY FAILURE Otago Daily Times, Issue 23045, 23 November 1936, Page 9
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