The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1906-01-03
$4,000 PER YEAR swInpLE

|
a year Is pretty long time for
| swlndler 10 operate IN accomplishing
one swindle, but when he can clear
| $4,000 in one year he has been we'll
paid for his time. This is the amount
q slick swindIer cleared in a year in
an Eastern city and his success will
undoubtedly stimulate others TO work
the SAME scheme.
There came TO an Eastern city last
year a man who, with his wife. Sc.
cured fine apartments and immediate
ly began 10 make good acquaintances
| through Joining q wel-known church.
He opened an account with local
bank, making deposits Of $4,000. With
checks against this account he paid
mis- local bills and also bills for good;
purchased in other cities Several
times the strangers accounts was add
ed to until it reached $4,000.
Current expenses, donation Of $50
to worthy local charity. and several
other bills, ran the banance down to
$4,000, but it did not remain at that
figure long, for additions put ii up to
$4,000, the largest Il ever had been.
In add tion to this balance on
checking account the stranger had a
receipt from the bank showing that
he had deposited with the institution
took certificates for good-sized lot
of shares in high-class Industrial
These were deposited after the slick
one had been doing business at the
banking inst tuition about six months
He had acquired reputation for be-
ing good solid customer, which OPP
inion was strengthened by credentials
from the east which on investigation
have proved to be forgeries.
In depositing the stocks the swlnd-
Ter stated that he did not want a safe
deposit box, but would Ike the bank
Ito put them in safe place for him.
The stocks were turned over, were
! closely examined, appeared to be all
right in every particular and the re.
ceipt was given for them.
The smooth one went 70 a pgomi
nent broker of the city. told him of the
stocks he possessed, showed the bank
receipt for them, and declared he
wanted to dispose Of them when tho
market was at the right mark
The order was placed on the broll-
ers books, and the lattars New York
representative was told to offer the
hares on the New York stock eX
change at the price mentioned.
Two weeks ago the swindlar received
a message stating thar his stocks had
been sol
The broker Immediately had a visit
from the alleged owner of The stock,
and In exchange for his receipt he was
given $GS.00o, the broker in the mean
time having seemingly convinced HIM
self by investigation at the banking in
stitution that the stranger had the
stocks In question
On getting the check the stranger
wen, 10 the bank. where he had
standing because Of his $4,000 de-
post, and had Il cashed. stating, incl
dentally, that he had another deal on
hand in which he wanted to use the
cash He never has been seen since.
TaRng the receipt FOR the stock TO
the banking institution, one. of the
brokers' clerks asked for the stock.
Getting the certificate in his hands.
something aroused his suspicion, and
an invest cation began.
[ The result was that the stock was
found to be clever forgery, photo
graphic plates having been used to
work the game
The stranger cleared up $4,000 on
the deal after working year on II.
He left the $4,000 deposit remain in
the institution, bat got cash for the
sGS.000 stock