TURF BETTING SWINDLE
GET-RICH-QUICK LURE. London, May 1. «. In the “Wetherby and Sons” “get-rich-quick” case, Morris was acquitted and Wood was sentenced to 15 months’ imprisonment and Howells to six months in the second division. The story told at the Old Bailey revealed a remarkable get-rich-quick scheme. The Crown alleged that the prisoners started business in Cardiff in the name of F. D. Wetherby and Son*. They invited investments, promising interest at 17 per cent, weekly, or 884 per cent, yearly. Subsequently they established offices at Nottingham and Paddington, and received altogether £038,000. Money poured in at such a rate that two banks refused to continue accepting the business, which was described in the vaguest terms in circulars inviting investment. The public soon discovered that it was concerned with betting <m horses.
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Taranaki Daily News, 15 May 1922, Page 5
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132TURF BETTING SWINDLE Taranaki Daily News, 15 May 1922, Page 5
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