BANKERS IN COURT.
Fraudulent Money Deal Alleged. United Press Assn.—By Electric Telegraph—Copyright. NEW YORK. April 14. A message from Cleveland states that O. P. Van Sweringen, a railway magnate, and Joseph Nutt, a banker and former treasurer of the National Republican Party, pleaded not guilty in the Court to-day to a charge of making false reports on the financial condition of the Union Trust Company, which is now bankrupt. The prosecution alleged that they engineered a 10,000,000 dollar “paper* transaction to make the institution appear solvent, and continued to re :rive deposits and transact business when the concern was in an insolvent condition.
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20281, 16 April 1934, Page 2
Word Count
103BANKERS IN COURT. Star (Christchurch), Volume LXVI, Issue 20281, 16 April 1934, Page 2
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