£200,000 FRAUDS

Poverty Bay Herald, Volume LV, Issue 17453, 30 December 1930, Page 11

£200,000 FRAUDS

CREDULOUS INVESTORS HIGH PRESSURE PROMOTION (Eloc. Tel. Copyright—United Pross Assn.) (Received December 30, 3 p.m.) NEW YORK, Dec. 2)3. The astonishing credulity of simpleminded investors was again revealed when the police interfered in the activities of the Automobile and Royalties Corporation, and Clark Parker and his son Wyman were indicted for an, extraordinary fraud in. hoodwinking 700 aged couples and clergymen, and defrauding them of £200,000, which they invested in Parker’s rotary motor, which refused to motivate.

Pinker is a venerable high, pressure promoter, and a trustee of 1 lie “Church of the Stranger.” He was associated with the late Dr. Eugene Christian in tlie latter’s success in “putting over” vitamins, and with the famous health faddist’s mailing list, He assured his dupes that his automobile, royalties would do for their purses what vitamins bad done for their stomachs.

The police found Parker's sales Wizardry astounding. Dozens of Parker’s victims' were .mulcted of thousands, of dollars, not once, hut on several occasions, by their own testimony, but they write in his defence, and argue that he suffered because unscrupulous motor manufacturers withheld royalties on his patented inventions. The police regard Parker as the most prolific, and persuasive letter writer in recent fraud history.