Dividend Paid to Ponzi Investors in First Payout
Trustees of the Ponzi estate sent out checks totaling 344244.73 to 10096 investors as a Christmas gift. This first dividend equals about 10 percent of claimed holdings.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Dec 22, 1921
Page
8
Trustees of the Ponzi estate sent out checks totaling 344244.73 to 10096 investors as a Christmas gift. This first dividend equals about 10 percent of claimed holdings.
Trustees William R. Sears J A Lowell and Edwart H Thurston oversaw five packed bags of checks gathered by clerks and typists at the Devonshire and Milk streets office. The group expects further dividends as legal hurdles clear the asset collection. The largest check marked a notable payout in a multiweek effort.
A fragment mentions residents from Massachusetts and other New England states, with connections also traced to New Jersey. The text hints at broader regional ties or events affecting multiple states beyond Massachusetts.
A Christmas tableau on the Maiden Savings bank roof in Malden drew hundreds as 100 voices three angels three mugs and three trumpeters performed at 7 pm under 17 degree wind and damp air. Augustin Smith directed the cast with the Boston University Glee Club aiding the performance.
Five armed bandits robbed the Breelton branch of the Citizens' Trust & Savings Bank today and escaped with 10000 dollars. Police launched a search for the suspects.
New Haven on December 21 tested gasolene driven passenger cars on its main line to Devon and back. Superintendent W H Foster oversaw the trial with officials, press, and film crews. Cars seat 35 with air brakes and small baggage space, aiming for cheaper branch-line service and wider routes including New London, Waterbury, Hartford, Saybrook Junction, and Willimantic to Chester.
Radcliffe college closes for the holiday vacation extending to January 3 as students depart from distant states. The break mirrors Harvard’s schedule, with a shorter duration than other women’s colleges. Many seniors head to Portland Chicago Virginia Missouri Wisconsin and Canada. Some carry books for mid year theses while others forget academics amid travel excitement.
Miss Allena Luce new Spanish instructor at Boston University College of Secretarial Science has published a collection of Porto Rican folk songs and songs from Mexico and Cuba. She previously taught music at the University of Porto Rico and Spanish at Baker University, with support from Professor Iford of Harvard, a leading Hispanist.
A one year old girl dressed in white coat dress hat and socks was abandoned in the women’s waiting room at South Station last night. A dark complexioned woman about 6 feet 2 inches wearing a dark hat fled the room. The infant was sent to the Chardon Street Home awaiting identification.
Marshal Foch arrives at St Lazare station in Paris from Havre to a roaring American greeting. He jokes that the city feels like an American one and tells aides Paris Paris as he steps ashore with former Prefet Viviant amid a large Paris Post American Legion reception.
Harold Light was held in $5000 bail in the West Side Police Court on burglary charges after being captured by Mrs. Lilian Liebman of 118 West 84th Street. Mrs. Liebman knocked down Light and his two companions and then feigned fear to bluff the burglars into surrender.
A neighbor alerts Mrs. Liebman, two men flee with loot from Mrs. VanValin’s second floor apartment. She confronts them with threats until police arrive. $700 in unrecovered property reported, including a $200 fur coat.
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