INSULL ACQUITTED
SENSATIONAL TRIAL ENDS. “RESULTS’OF DEPRESSION.” By Telegraph—Press Assn.—Copyright Rec. 7 p.m. Chicago, Nov. 24. Samuel Insull and 16 co-defendants were acquitted on all charges by the Federal Court to-day after a sensational seven weeks* trial. The defence contention that the collapse of the Insull Utility Empire was the result of the depression and not the magnate’s wrongdoing was accepted by the jury, as was the plea that the defendants “sank with the ship.” The group was specifically charged with using Federal mails to defraud investors of 143,000,000 dollars, that being the issue of stock sold after Insull allegedly knew the company was insolvent
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Taranaki Daily News, 26 November 1934, Page 5
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105INSULL ACQUITTED Taranaki Daily News, 26 November 1934, Page 5
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