MISER’S HOARD
WINDFALL FOR CHARITY SWINDLER FOILED LONDON, April 8. As the result of a decision of tho High Court, 10 metropolitan charitable institutions will share tie £BO,OOO estate left by John Drinan, a recluse, who lived on the Riviera on £4 a week, , though he had an income of £13,000 a year. Drinan’s affairs came before the courts in 1931, when what purported to be a transfer by him of £90,000 worth of shares to an adventurer named Ilaiat was declared to be a forgery. The swindle had befon attempted with the aid of Charles Beale, a former British Consular official at Nice, who had figured as* witnessing the signatures of Haiat—killed in the aeantime in an accident —and of Drinan.
The Bank of Montreal has been held liable to pay the Public Trustee damages to compensate for the expenses incurred in investigating the forgery. The bank is also liable for the depreciation of £36,000 worth of stock which Drinan left.
The court considered that the bank had been negligent in investigating the forged signatures.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18067, 19 April 1933, Page 7
Word Count
176MISER’S HOARD Poverty Bay Herald, Volume LX, Issue 18067, 19 April 1933, Page 7
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