Ponzi Scheme Receivers Hear From Runners and Creditors
Boston reports a chaotic creditors hearing on Charles Ponzi's collapsed scheme. Assets cited at 7 million dollars. Ponzi claims nearly four million to meet liabilities while admitting most holdings are diminished. Counsel for receivers and a key associate offer to work pro bono, but are rebuffed as creditors press for clarity on securities and deposits.
MENTIONED IN THIS ARTICLE
Boston
Charlex Ponzi
Ponsl
Robert G. Dodge
Ite Yablitieas
Ponzi
Isliabittties
Fey
Daniel If’ Coakley
Clain
Daniel Vo Mes
Edward A. Thurston
Revelvers
Tunybody
Coakley
Ponzlaxo
Oakley
Cent Thatea
Vouzt
Lonus
Henry Cimnbelingk
Willam S. McNary
Hanover ‘Trust Compary
Nie Lad
Daniel Desmond
Lawrence Rust Company
Disjointed Testimony Details Ponzi Loans and Withdrawals
Descriptions of Ponzi loan activity to police officials and others surface amid hearings. Ponzi shows stubs for large checks and admits withdrawing Uni money to avoid attachments. He recalls boasting of cash reserves while claiming rapid repayments and ongoing note settlement with Treasurer McNary.
MENTIONED IN THIS ARTICLE
Pons
Elasma
McNary
Short Cut to Death on Bridge Kills Father in Stanton
Joseph Miele aged 53 of Hart Street Brooklyn was killed crossing the Lehigh Valley rail bridge over the South Branch of the Kuirltan River near Stanton. His wife leaped into the river to escape. the three children clung to the bridge and were uninjured while awaiting rescue. The family, visiting near Stanton, missed a Brookline train and tried to walk to Lemington Tuns ton to catch another that did not stop at Stanton.
MENTIONED IN THIS ARTICLE
Plomington
Joseph Miele
Hart Street
Lehigh Vallyorall Road
Kuirltan River
Stanton
Brookline
Brookline Train and Tured
Lemington Tuneston
Guatemala Prohibition Decree Enforced Quietly
Guatemala City reports national prohibition by presidential decree is being followed without complaint, having taken effect a week earlier as authorities enforce the measure across the country.
MENTIONED IN THIS ARTICLE
Guatemala
Guatemala City
Also Mentioned on This Page
Will
C. E
Cline
Frederick
Adventiaemen
Reauite
Chas. Segaloeff’s
Market Street
Doll Brothers
Esmond
Drs. D, Fairney , Son
Window
Petrisk Street
Thomas Kemp
Frederick, Martland
Cohiteria
Carty’s Furniture Store
Patrick St
East
Frederick, Mad
Silkworm
Frederick, MD
Market ST
B. Rosenour & Sons
Patrion ST
THE
Ideal Painting & Trimming CO
West
South St
Ice St. Frederick, Maryland
Wilson
B. W. Wilson
Jesse
Michael
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