FRENCH FRAUDS
angry investors rush office
united Press Association—By Electric Telegraph—Copyright).
PARIS, Dec. 3
Known as Madame Le Presidentc, the financial wizard, and operating one of the most gigantic "get-rich-quick” schemes ever devised, Madame- Martlie Hanau was arrested with her divorced husband, Lazare Bloch. The news spread very rapidly, and panic stricken investors rushed to the sumptuous marble fronted offices from which Madame, with Bloch and a staff of two hundred and fifty, directed enormous operations.
The crowd, with many drawn faces shouted angry taunts. One man, beside himself, with rage, waved a cheque for 3000,000 francs, which he declared the bank refused to cash. Among the victims were deputies, priests, nuns, and widows of officers. It is stated tlnit the total involved is over a million sterling. The "Daily Telgraph’s” correspondent even mentions the possible losses of three and-a-half millions.
Tlie scandal was broached in the Chamber this evening the Minister o' Finance giving assurance that justice would be done.
Madame, besides running the Gazette Du France, formed fire share investing companies and had four thousand agencies in France and abroad.
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Hokitika Guardian, 6 December 1928, Page 6
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182FRENCH FRAUDS Hokitika Guardian, 6 December 1928, Page 6
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