LOSS BY FRAUD.
TEXTILE MERCHANTS SUFFER. By Telegraph.—Press Assn.—Copyright. London, June 12. At a trial at Old Bailey, counsel made a startling statement that the textile merchants of Bradford during the last two years had lost at least £2,000,000 owing to fraudulent bankruptcies in London. Frederick Rawlings was sentenced to 15 months’ imprisonment for obtaining goods by false pretences. He allegedly used the goods to flood the market under cost price, so that the manufacturers were in competition with their own goods, which were never paid for. Rawlings commenced as a textile merchant in 1921 and obtained goods on credit from Bradford and the north of France by saying he was selling direct to Australia. His deficiency was finally £54,000, but counsel said the conspiracv was much more extensive Rawlings* was not the guiding brain of the scheme.
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Taranaki Daily News, 14 June 1923, Page 5
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138LOSS BY FRAUD. Taranaki Daily News, 14 June 1923, Page 5
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