The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-30
WOMAN ACCUSED OF
Big REALTY FRAUDS
Mrs. Matilda FrancOlini Held
in $4,000 on Charge of
Swindling Servants.
RELATIVE ALSO INDICTED

Mrs Matilda Trancolini, who says she
Is a real estate broker living at o29 West
End avenue. was held in SIS, 900 bail by
Judge Malone In Genera Sessions yes
terday on three indictments charging
grand larceny. h had been at liberty
under $4,000 bail on an old charge Of
forgery.
Mrs. Francolini. widow OF Joseph
~Francolini, or1ne president OF the
italian Savings Bank, was in the real
estate business with her sister. Miss
Rose Haley. She also Is under indict-
ment for grand larceny in the second
degree, the charge growing out OF al
legged false representations or a second
mortgage on property at Rye, ". Y.
Tho two sisters in 1903 organized the
HALEY Land and Improvement Company,
the Halstead Land and Development
Company and Sterling Park. Inc. Their
business WAS real estate dealing at Rye,
Harrison and Mamaroneck. 1t is al
legged their customers were mostly OF the
servant girl type. and Assistant District
Attorney O'Atallcy, who presented the
evidence against Mrs. F~rancotni. gave
the names of three sisters who, he said,
had lost about SIS 900 through the firm.
Y fNIldliltu llItl llt NNSttlil 'IllIllDNt VI
was to promise full warranty deeds and
title policies to customers when final
payments were made on real estate.
Mr.. O'Malley said that when the time
came to deliver the policies tine pur-
chasers would find the property encum-
bered with mortgages which they would
ave TO pay off before they could take
title.
In September. 1912. a new corporation
was formed under the name of the An
mex Home of New York City. Inc. Up
to this time the other companies had had
financial difficulties. The new concern
took over all the assets and liabilities
of the old businesses. but went into
bankruptcy the following year. A sec
ond bankruptcy proceeding was begun
against the company last year and a
hurried examination OF the books
showed there were some roo creditors.
Expert are now at work
on the books for the District Attorney
and he Is being aided by the District
Attorney Of Westminster county. where
much OF the property involved is stu
ated. Nearly all Of the payments OF
money We're made In his city, hence
the prosecution here
MIR. o'Malley said the three sisters
who had lost so heavily were Mary,
Nellie and bridget Butler, all servants.
who had drawn their money from saw
ings banks and invested 1t i'm mortgages
recommended by Mrs. Francollni. Mary
Is said 20 have lost $1,000. She was
al one time confined In an insane asy-
lum, but 1t Is said hat Mrs. Francolini
used her efforts TO have her released.
Nellie lost $N,00O and Bridget about
$4,000, Mr. O'Malley said.
otto Mcsloh. a vaudeville actor. Of
3222 Third avenue, is one Of the COM
plainants against Mrs. Francolini. He
alleges ne gave $4,000 TO her on "A mort
gage IN property at Harrison that was
represented to be improved property.
II turned out 20 he unimproved, he told
The Grand Jury.
Mr.. f'rdu'oliui was notified that
three new indictments had been found
against her and she surrendered her
self. Her lawyer is former United
States Assistant District Attorney
Charles II. Griniths.