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Bank's Money Stolen Officers After The Thieves
Ridgely confesses ignorance of asset whereabouts as a receiver reports liabilities near $400000 with only $9000 cash found. Deposits exceed $350000, assets essentially worthless, Washington branch charged $42400, New York assets $197000 valueless. Recoveries for depositors appear only a small fraction while prosecutions are coordinated by local and federal authorities. The Aetna Banking and Trust Company, a West Virginia corporation, closed its local Butte branch and was placed in receivership following transfers and worthless securities.
MENTIONED IN THIS ARTICLE
Butte
Gultey
Ridgely
Aetna Banking and Trust Company
Mont
Washington
Comptroller
New York
Wall Street
Washington, DC
Joanson
4Etna Banking and Trust Company Ia
West Virginia
Man Bank
Treasury