The American papers state that a series of commercial swindles have been unearthed, at Boston, Massachusetts. There are several gangs of bogus commission merchants doing business under an organised leader, who supplies all capital required. The method is to obtain consignments of all kinds of produce on credit by means of fictitious circulars quoting high prices, and disposing of the same in New York at low rates. More than 1,000,000d015. have been realised already, and as the law does not reach the swindlers the business ris still thriving. Exporters in the Colonies should keep a sharp look-out.
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Bibliographic details
Patea Mail, Volume IV, Issue 412, 29 March 1879, Page 2
Word Count
97Page 2 Advertisements Column 3 Patea Mail, Volume IV, Issue 412, 29 March 1879, Page 2
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