HOLL WOOD “RACKET”
TWO MEN ARRESTED ALLEGED PASSING OF BOGUS PROMISSORY NOTES NAMES OF. STARS USED HOLLYWOOD, July 11. A 100,000 dollar confidence “racket” involving the names of the M.G.M. president, Louis B. Mayer, and the cinema stars, Nelson Eddy, Jeanette MacDonald and Charles Laughton, has been disclosed with the arrest of George Smart, aged 35, sound recorder, and Layne Britton, aged 30, make-up artist, on charges of grand theft and forgery. The district attorney said Smart passed bogus promissory notes to his victims, including a bank president, signed with the name of Mayer by posing as Mayer’s confidential agent And intimatirig that Mayer was anxious to resign from M.G.M. and needed the money to gain control of various stars, including those mentioned. The notes ranged from 10,000 to 25,000 dollars, and were paid off by an intricate pyramiding system extending over several years. The police believe that Britton was merely a dupe.
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Wairarapa Times-Age, 12 July 1938, Page 7
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153HOLL WOOD “RACKET” Wairarapa Times-Age, 12 July 1938, Page 7
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