The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-08

Fourteen indictments against Henry
Serei and Frank l.. No2el. three or them
syp.rscdins presentments already handed
DOWN. we're returned yesterday by the
Grand Jury which Investigated the failure
~ the Siegel enterprises last December.
The eleven new indictments charge
rrsnd larceny In those and one OF the
supersed!ng indictments the two men are
accused OF obtaining upward of s62o,Ooo
from various New York banks in the year
1911. alone. their last fully completed
fiscal year. BY means of fraudulent written
statements regarding the financial condi-
ton OF the Simpson Crawford Company.
the Fourteenth Street Store and the Henry
siegel Company of Boston.
Only a small number OF the actual
transactions are said to be embraced In
the specific charges. The two other super
sedlng indictments charged receiving
bank deposits when the bankers knew
they were insolvent.
ssiesei and vogei In fact obtained At
hast a:.5OO.OOO by false statements dur
ing 1919" said District Attorney Whit
msa. "These new indictments shed an
entirely new light on the financial opera
tons Of these two men and completely
dispose Of the contention OF the friends OF
siesei that yogsI was the person respon-
sibls for any crimes which may have been
committed.
siegers Acts Assaulted.
!. these indictments show that Siegel
constantly signed false statements as 10
"a % Ia. NJ which he
vas president and indeed II appears that
In certain years he signed all the state
ments"
In all but two Of the twelve indictments
CHARGING grand larceny SIegel and Nogel
are made joint defendants.
siege and Vogel will be arraisned or
the new charges this morning and VIII
have to enter a plea TO them at once
They are now under 1000 bail each.
In one indictment Nogel alone is ac-
clsed OF the larceny OF $4,000 from Gold
man, Sachs a. co. on October II, 1913. by
means OF false statement Of credit relat'
ing to the condition OF the simpson Craw'
ford Company.
In another Henry Segel alone u
Charged with Getting 100000 from the
National Bank Of Commerce in Ne" forf
On May H. 1910, by fraudulent credit
statement on the condition of the same
store. IN all the others the two men are
accused Jointly
summary OF the indictments and TN
s.egei false statements indicates that al
through the past year. when the various
stores were lettering loans were obtained
from one bank to pay off a note that wa
Que on another and 50 on, either MAJ
signing the statement Of the inancia
status II the store which was pledged a
security.
of the seven such schedules of allcgc'
os'repancl,s in the indictments Siegel i
si'i n have signcd four AMI Nogel three
'fsir'rt Attorney whitman issued
-onS statement on the methods used by IN
injected men "a shown In the indict 'nent
AFTER the Grand Jury had completed II
so.A. Ile also attacked the statemen
!. H'd" b, Levy Mayer few days ago =
tn erect that 81 900, 900 had been pu
mo IN" Chicago store Siegel Cooper
IN and would benefit the depositors.
~ soos into this transaction In detai
a. 'I'e tho 81 900, 600 was the none
'A''l D.. Max Pam In January to kee
~ me Chicago store and represent
rer"lv an additional issue 81 th,t amour
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