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Boston Post in Boston, Massachusetts

26 Apr 1922

Page 2

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Boston Post April 26, 1922 Page 2 old newspaper archives

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Articles on This Page

This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Boston Post

Location

Boston, Massachusetts, United States of America

Date

Apr 26, 1922

Page

2

Bucketeering Saga Reveals Wall Street Fraud Scope

A sprawling account details the Bucketeering crisis tied to Dier & Co and Hughes & Dier, tracing $4 million vanished from about 8 000 customers. It outlines lavish salaries, illegal brokerage practices, and the scramble to salvage assets as authorities probe transfers and misused accounts amid a collapsing firm network.

MENTIONED IN THIS ARTICLE

Stoneham & Co Dier & Co Stoneham Dier Jndelphia Colonel Hughes Philadelphia Stock Exchange New York Philadelphia
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Margin Loan Practices At Dier Company Exposed

The article describes Dier & Company charging interest on customer debit balances and using margin not as genuine loans. It notes schemes including shipping blocks of customer securities to an ex-employee to secure loans, with the securities then sold promptly.

MENTIONED IN THIS ARTICLE

Dier & Company C. A. Stoneham Federal Court Bar Association Dier New York Chicago Milwaukee Stoneham New York Cotton Exchange New York Stock Exchange United States Cotton Exchange Number 33 Dier & Co Ito Stock Exchange United States Steel Tomers
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Also Mentioned on This Page

Wall Street BH. DP Hughes & Dier Henry D. Hughes Zilmore D. Dier Hughes E. D. Dier & Company Charles A. Stoneham & Company Stoneham & Company Charles A. Stoneham The Glanta Clayton Lusk Dodge Tremont and Beacon Streets Boston Mass iEibika Cal Goodyear Charitabl Boston Better Business Bureau Houghton & Dutton Co Billie Burke Little Chef S.t Mer Wear Hamburg Marseilles Ipswich
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