GET RICH QUICK.

Thames Star, Volume LVII, Issue 14726, 3 August 1921, Page 2

GET RICH QUICK.

TRICK OF TWO ROGUES.

How to get riqh quick by drawing unlimited funds on' a single current account deposit of 10,000 lire (£400) is a problem that has been practically solved to the damage of the Italian Discount Bank, says the “Daily Chronicle” correspondent from Milan. Feruccio Mutti, head clerk in the Foreign Exchange Department of that Bank in Milan, had been reduced to penury through a spendthrift life in company with Luigi Fanoli, a former comrade in arms, latterly turned wine merchant.

“I’ve mastered the secret of coining millions,”' confided Mutti to his friend one day. “You shall be my pivileged partner. All you have to do is to make one 10,000 lire deposit at our bank, and leave the rest to my business abiliy to ensure us both ( a constant flow of funds!”

This done, Mutti so manipulated the bank register that, for many months on' end, Fanoli was enabled to cash never less than 10,000 lire (£4OO at par), and sometimes as much a 8 200, 000 (£BOOO at par), each time he presented himself at the counter

Tho bank directors admit ascertain, ed embezzlements to about a million, but real losses are reported to be nearer three or four times that figure. With his personal share of the plunder, Mutti bought motor-cars and motor-cycles, gave sumptious lunches and dinners to his 5 friends, indulged heavily in gambling and in the society of gay women, and spent his leisure half-days in joy rides to the Italian lake district.

There is no telling how long these systematic defalcations might have gone undetected had not a scandal consequent upon, one of these excursions—his car was smashed ~in a collision, and he and a pretty girl clerk were thrown out Rnd badly injured—Jed i to his dismissal.

A few days later, his accomplice had tho audacity to turn up again at the bank to draw a further 20,000 lire. Mutti‘s successor, after glancing at the books, informed Fanoli that his account was apparently not only exhausted but considerably overdrawn. Fanoli hurriedly withdrew. His conduct aroused suspicions, and led to an investigation, which has lasted over a month.

Meantime, Mutti had decamped to Naples. There he contrived to get his residue funds transferred to France, and fled to Paris. Fanoli, however, has fallen into the clutches of the police, and stolen drafts on other banks were found in his possession.