FRAUDS ALLEGED
DEALINGS IN STOCK
A LONDON SENSATION
LONDON, Ist December. Four men appeared in tlio Guildhall dock charged with a Stock Ex-change fraud on an unparalleled scale by means of the so-called Broad Street Press Limited, i. Herbert Spellen, aged 57, a journalist, Joseph Wise, a diamond merchant, Frederick Newbury, aged 68, a mining engineer,, and Stanley Moncrief, a clerk, are all associated in a scheme involving the, publication of a financial newspaper affording sound advice regarding the buying of securities, but later sending canvassers who persuaded speculators to invest money in bogus mining companies. In five months, between January and Juno, £1,600,000 passed into the two banking accounts of the Broad Street Press. The prosecution stated that those who got the most money were not before the Court. The evidence showed that "H. Wise" received £.798,000 from the Broad Street Press, and a man named Klein received £298,000.
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https://paperspast.natlib.govt.nz/newspapers/EP19301203.2.64
Bibliographic details
Evening Post, Volume CX, Issue 133, 3 December 1930, Page 11
Word Count
150FRAUDS ALLEGED Evening Post, Volume CX, Issue 133, 3 December 1930, Page 11
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