FRAUD PROVED

Hokitika Guardian, 16 November 1933, Page 6

FRAUD PROVED

'HARMAN FOUND GUILTY

ON ALL- COUNTS.

{United Press Association—By Electric

Tetegfa^h—Copyright.*

(Received this day at 12.25 p.m.) LONDON, November 15

A,t the trial of Martin .C. Harman, Herbert’H. Poiujds, Berkley F. .C°nigrave .and, E. G. IChangeat, charged with conspiracy to • defraud in connection with the. Korean syndicate, styled the Cho-seii Corporation, Justice M ap naghten in a five-hour summing up, described as moonshine a suggestion that there Was a contract on April 13, 1931, with Japanese companies, to take seventyfive. thousand Cho-sen shares. It passed to farcical when Mr Harman, as chairman of the Japanese companies, agreed with himself ns chairman of the British bank for foreign trade, for the latter to buy those shares from the Harman group,- It was inoperative as a contvßb. Harman was clearly the principal actor. ■Pounds and Changeat took little part in the proceedings. He said they wer, e really dummies, but a man acting on a directorate had no right to be a dummy.

The jury found Harman guilty on all counts; , iConigrave guilty on twenty counts of conspiracy and misapplication of funds, hut recommended leniency as he was seriously influenced by Harman. The jury found both Pounds and IChangeat not guilty. . Harman: was sentenced to eighteen months’ in the second division. Conigrave was sentenced to six months’ in the, second division. Pounds and Changeat were discharged.