ER HAD STAFF OF TWO HUNDRED.

Star (Christchurch), Issue 17991, 30 October 1926, Page 10

ER HAD STAFF OF TWO HUNDRED.

OPERATIONS CONDUCTED ON GRAND SCALE. A man .named Arthur Keil has beer, arrested for swindling the Berlin puli lie on a grand scale. From magnificent offices with 20 rooms in the chief business street ol the city and from 16 branch officehe sent out circulars stat.ine that, by a dareful system of betting on French races he could guarantee his clients gigantic profits, amounting to even 340 per cent, in ten days. Thousands of dupes paid in then, money for the “Keil Saving System. Stamps bearing the head of Arthur Keil were sold at 6d apiece and cards with places for affixing thfe stamps were issued. Ten per cent a week was promised on the sum represented by the stamps on the cards. Not a single investor received a penny. To run the business Keil employed 200 clerks, telephonists, and messengers, all of whom had to deposit sums ranging from £1 to £5. They have lost their money, and so have the lessors of the offices and the firm who supplied the furniture.. It is stated that Keil had £5 in his pocket when he started his scheme for extracting money from the pockets of gullible Berliners.