ALLEGED FRAUDS.

Dominion, Volume 1, Issue 194, 11 May 1908, Page 7

ALLEGED FRAUDS.

■' •..■. ■ ■,- ■.; ; i: */\" HENRI ROCHETTE RELEASED ON BAIL.: by TELiGßApn—rnEaa association—cormiGin (Reo. May 10, 4.23 p.m.) Paris, May 9 Honri Rochetto has:boon released on bail of- £8000. -I . ' ' ; On'Marchr2-l, igrefifc.'excitement.was caused ;in France, by the- arrest of the famous company promoter, M. Eoohette, who has been directly instrumental in'issuing to the French public diiring;the:.iast three, or,four.years.rieiy. securities ifor which cash: to the amount of over 'is,ooo,ooo':has been-subscribed., ; "Tho i warrant for, tho financier's approhension was issued by M: Jolly, a. Paris magistrate, on charges of swindling transactions and of alleged fraud 6 in connection. with the French Companies Act. Mi Roohotte, who is only 32 years of age, b6" gan hfe as a messenger boy at a railway re-freshment-room- at.iMelnn, He inherited a small' sum of money; went, to Paris, and joined the staff of • the great French bank, 'which, he left : to;enter' tt company • promoter's office. ' . ,Ho next succeeded' in , getting . himself 'financed' by' a\ gentleman. of '. large ' private means,'; and started ' the'Credit'Minier. From that .time forward he. became'a sort of financial wizard. He floated companies showing a capital lvalue of J!2,500,000. Only ,£455,000 has been saved from the wreck. : -. ,■ • ■ '. ; '