Weekly journal-miner., 1919-02-12
HOMER KING IS SUBJECT OF
 NEW SUIT
ACTION FOR DISSOLUTION OF PARTNERSHIP FILED BY I. w. MILNES; ALLEGA- TON OF FRAUD BROUGHT AGAINST KING IN CIVIL ACTION.
CFrom Fridays Daily.)

misrepresentation, are alleged against Homer B. King, the erstwhile stock broker in a complaint filed yester- day in the superior court by J. w. Mines. The matter of Kings crooked operations has re- gently become a matter of general interest, his many victims including women as we'll as business men, and the charges made in the suit are ac- cordingly published in full:
 That on and prior to the 14th day of December, 1918, the said Homer B. King and one H. N. Coleman. were co-partners, doing a general brokerage business in the City oi Prescott, Yavapai County, Arizona. under the firm name and style oi Coleman Brokerage Company. That prior to the said 14th day o1 December, 1918. the said Homer B King had been entrusted by various patrons and customers of said Cole man Brokerage Company with largo sums of money for the purchase oi certain stocks and other securities and had also been entrusted with many valuable securities to be sold for various patrons, customers and clients, which said sum of money and securities, so entrusted with him, the said Homer B. King, as aforesaid amounted on said l4th day oi December, 1918, to a large sum of money, the exact amount of which is at present unknown to. and cannot be ascertained by plaintiff, which plaintiff believes to be about Twenty Thousand ($20, 00000) Dollars, and so alleges the fact to be; all of which money and securities, the said Homer B. King had, prior to the said 14th day of December, appropriated to his own use, and embedded the same and used and enjoyed the proceeds there of for purposes of his own, without entering or recording any of said transactions on the books of the said Coleman Brokerage Company, or leaving any memoranda or account thereof, so that the same could be ascertained.
 1uldl OAl SdlQ 1TlI udD Ol DENCll- Der 1918, the said Homer B. King induced and persuaded the plaintiff to purchase a one-half interest in said partnership, designated as Cole man Brokerage Company, by false lv and fraudulcntly representing to plaintiff that the one-half interest he desired plaintiff to purchase was the undivided one-kalf interest of H. N Coleman, one of said partners: that said interest could be purchased from said H. \. Coleman for Five Thousand Dollars, and defendant de- sired plaintiff to pay that sum to him leading plaintiff to believe that he in turn would pay it to said H. N. Cole man. That defendant also falsely represented to plaintiff at that time that said partnership had on deposit with the brokerage firm of Logan and Bryan, in New York City, the sum of Five Thousand Dollars; that 1t was doing a large. lucrative and profitable business That defendant exhibited to plaintiff at that time what purported to be the account books of said company, with certain accounts therein, all of which ac- counts had been and were being kept by defendant in such a manner that they appeared to show a profit, but no books, memoranda or information then laid before the plaintiff or avail able to him. or which by the exercise of reasonable diligence could have been discovered by him, revealed any of the transactions nereinbefore re- ferred to- whereby and wherein the said defendant King had been en- trusted with large sums of money and many valuable securities for the use of certain patrons, clients and customers of said Coleman Broker age Company
 That the books, memoranda and accounts so exhibited by defendant to plaintiff, as aforesaid, were false, fraudulent and misleading in that they did not reveal to plaintiff, and would not have revealed to any pru- dent business man, the true status and condition of the business of said Coleman Brokerage Company, nor afford any information or clue whereby any business man of ordin- ary prudence and diligence could have ascertained or been led to sus- pect that the said defendant had ap- propriated the large sums of money and valuable securities, aforesaid. That the plaintiff, relying upon the false statements and garbled and in complete books of account and mem- oranda exhibited to him by defend ant. and believing said statements, books and memoranda to be true and set forth the real condition of said partnership, in good faith, and with out notice or knowledge of any other circumstances or conditions than those set forth by defendant and contained in said books, and also be- lieving that the said sum of Five Thousand Dollars, which ne was ask ed to pay for said one-half interest, was to be paid, or had been paid, by said defendant to said H. N Cole man, was led and induced thereby to purchase the said one-half inter est for said sum of Five Thousand Dollars, which plaintiff then and there paid, and which the said de D ,1