£300,000 EMBEZZLED
U.S BANK OFFICIAL’S GUILT CHICAGO, Oct. 18. Walter Wolf, the employee of the Continental Hlinois Bank and Trust Co., who confessed to embezzling huge amounts estimated at £300,0110 hist (September, has been sentenced to 10 years’ imprisonment on each of 10 Counts. „ •
According to his statements, lie had boon taking securities belonging to (lie bank’s customers, in the hope of recovering losses incurved through speculation. The hiss to the bank is covered by Lloyd’s, which has insured the bank against infidelity on the part of its employees up to £40(1,000.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17640, 2 December 1931, Page 10
Word Count
92£300,000 EMBEZZLED Poverty Bay Herald, Volume LV, Issue 17640, 2 December 1931, Page 10
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