ASTONISHING STORY

Hokitika Guardian, 5 April 1930, Page 5

ASTONISHING STORY

{United Press Association—By Electric Telegraph—Copyright).

(Received this day at 9. a.m.) LONDON, March 4

An astonishing story of a man who walked the, streets carrying .1:83,(100 contained in two suit-cases, is told by the daily press. Frederick William Woods who is at present living in Loudon, conceived the idea of backing racehorses with other people’s money, prmising a return of five pounds per week for every hundred pounds invested, provided there were three days’ racing in a week. He started business at Cardiff and money poured in alarmingly. Woods’ luck was amazing, and then a Cardiff bank, and afterwards two banks at Nottingham, refused dealings without an explanation. “I bought two strong suit-eases, collected the money from the hanks, and found myself in the street with £83,000” stated Woods. ‘‘When I was staying at a London hotel 1 was counting the money on top of a hod, when a maid entered and screamed, ‘Burglars !’ I carried the suit-cases around and found business declined, and I sold it. Later Iwas arrested and got fifteen months on a charge of fraud. The police claimed some of my clients had not received the money due. I say I paid everyone.”