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Loss Exposed Montgomery Defalcation Delays Protects Pittsburg
Special to The Washington Post reports Pittsburg escaped its greatest financial disaster when the Allegheny National Bank defalcations were delayed four months. Bank closures followed, spurring suspensions and market unease. Montgomery’s embezzlement figures rose, with losses tied to deposits and brokers. Officials refuse to reveal specifics as arrests and charges loom, and states evidence possibilities are discussed.
MENTIONED IN THIS ARTICLE
Washington Post
Pitsburg
Pittsburg
Allegheny National Bank
James Carothers
Allegheny Bank
Mrouth
William “Montgomery
Montgomery
Joh Young
Henry Rei
Fapme
Teposit Bank
Fim