Make 1925 Safe for Investors Week In Indiana
Indiana investors lost millions in seven large failures and many smaller losses, totaling near 50 million when including all scams. Homes mortgaged and life insurance erased highlight the need to save and invest wisely. The week of January 5 11 is designated Before You Invest Investigate Week with cooperation from multiple trade and financial associations to protect savers and promote safe investments in 1925.
MENTIONED IN THIS ARTICLE
Indiana
Better Business Bureau
Indiana Bankers’ Association
Indiana Commercial Secretaries’ Association
Indiana Securities Commission
Indiana State Chamber of Commerce
Indianapolis Clearing House Association
Indianapolis Chamber of Commerce
Indianapolis
Board of Trade
Associated Employers’ Association
Indianapolis Merchants’ Association
Woman loses life savings to insolvent stock schemes
An Indianapolis woman turned over $20 000 in stock certificates representing her deceased father’s life savings to the Better Business Bureau. Investigators found all firms he invested in were insolvent. One firm paid a final dividend of 66 dollars. The man did not investigate before investing.
MENTIONED IN THIS ARTICLE
Indianapolis
Better Business Bureau
Widow Loses Liberty Bond Investment in Promised Stock
A widow with $3,000 in Liberty Bonds traded them on a stockman's urging for an 8 percent return. The stock company failed within months, wiping out her investment. She sought help from the Better Business Bureau too late after not researching before acting.
MENTIONED IN THIS ARTICLE
Better Business Bureau
Warn Against Unscrupulous Investments Advice
A caution urges checking with an employer banker or broker before signing or paying. It cites consult with the Better Business Bureau at 203 Chamber of Commerce Building and phone number Lincoln 1551 for guidance on investments.
MENTIONED IN THIS ARTICLE
Better Business Bureau
Chamber of Commerce Building
Lincoln 1551
Indianapolis business man seeks BBB help before $5,000 investment
A prominent Indianapolis business man wanted to invest $5,000 in the Cleveland Discount Company and consulted the Better Business Bureau. The BBB report was unfavorable, so he did not invest. Weeks later the concern failed with about $7,000,000 in losses.
MENTIONED IN THIS ARTICLE
Indianapolis
Cleveland Discount Company
Better Business Bureau
She Lost Then Saved a Local Woman Circulated Fraud Promoter
A local woman invested $1,000 with a promoter promising $25 weekly pay and large interest. Suspicion rose when asked to sell Liberty Bonds and loan proceeds. She reported to the Better Business Bureau, prompting action that saved her money and others and drove the promoter from the city.
MENTIONED IN THIS ARTICLE
Better Business Bureau
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