£60,000 FRAUD
ARRESTS AT SYDNEY
(Australian Press Association)
SYDNEY, Dec. 19.
A fortnight’s inquiries by detectives have resulted in me arrest of five men for an alleged business fraud involving £OO,OOO. The firm with which these men are connected came into existence some months ago. It has been trading on the ninety-day bill system. It has been buying huge quantities of merchandise from warehouses and selling this at ridiculously low prices to retailers. The firm lias now gone out of existence. The hills fell due at the beginning of December, and according to official statements, they were not met. The five men have been charged with conspiracy.
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Hokitika Guardian, 20 December 1929, Page 3
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107£60,000 FRAUD Hokitika Guardian, 20 December 1929, Page 3
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