EIGHT BROKERS SENTENCED.
COINSPIRACY TO DEFRAUD. TORONTO , Nov. 13. Eight brokers were given individual sentences ranging from two to three years, totalling 21 years, by Air Justice Jeffreys in the Assizes Court to-day. Appeals have been entered with the exception of two eases.
The proceedings followed the trials on various charges of conspiracy to defraud the public. They were members of five large Toronto mining brokers’ houses against whom a prosecution was instigated by the Ontario Government last winter.
The brokers, who last year robbed the Canadian public of millions sterling in the great saturnalia of stock market gambling, are being sentenced to a penitentiary. In an official clean up of the brokerage business which is now sweeping the Dominion, to-day Isaac Solloway and Harvey Mills, partners, finally abandoned their appeals and started serving their sentences. An examination of the books shows that they profited by £8,000.000 and probably have £5,000,000 still safely sequestered in foreign banks. They have paid fines of £150,000 and about £3,000,000 has been repaid to ruined customers who were able to prove direct losses.
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Bibliographic details
Wanganui Chronicle, Volume 73, Issue 424, 15 November 1930, Page 7
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179EIGHT BROKERS SENTENCED. Wanganui Chronicle, Volume 73, Issue 424, 15 November 1930, Page 7
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