A CURIOUS COMPANY.

Thames Star, Volume XV, Issue 4947, 17 November 1884, Page 3

A CURIOUS COMPANY.

M. J. Eeybaud, calling himself " Agence J. Beybaud," of 35, Claremont-square, London, issnes a circular, which it would seem is sent to Frenchmen, inviting them to forward him IOCOf. He then promisea to hand them over, at once, the equivalent in French Rentes, or in other equally excellent securities, as a guarantee, and estimates the profits of the investment at 50 per cent., paid weekly. His modus operandi is as follows :—He backs a horse given as a probable winner at a race meeting by the Sportsman, and if he loses on it, backs another "tipped horse for double the amount, and so on, until he pulls off a stake. J. Key baud proposes to commence so soon as he has received IOOOf. from one hundred persons. On the face of it, this is a swindle. I take it that the plan is to get hold of as many thousand francs as possible, and to defer to all time handing orer the securities which are to be the guarantee for it. If J. Keybaud has 100,000f. in FreDch Rentes, and is so certain of the success of his operation that he is prepared to risk them, it is obvious that he would employ his own money, and not from mere benevolence hand over the enormous profits that he prophecies to others. I hear that the police have already cautioned this speculator : might he not be prosecuted on his circular for attempting to obtain money on false pretences ? Already this Eeybaud has made money by his devices, and the French Consul has received complaints from two French gentlemen, one of whom forwarded 2100 francs on the 25th ultimo, and 550 francs on the 27th ultimo. It is needless to say that they have not yet received " titres." I recommend tbe matter to the French Figaro, or some such paper of large circulation. It would be desirable that Frenchmen should be put on their guard against this compatriot who is honoring our shores with his presence.—Truth.