New-York tribune., 1921-05-08
Russian Evatles
Reds, but Loses
Fortune LIN u. >.
vladimir won Koeppen Says
Coslnsrymen Induced Him
20 Invest S215,W0 i'm
telegraph Typewriter Go.
Declares Stock Worthless
surrenae Court Issues AT
sachn,enf Against Bank
Accounts of the Concern

Sc far as physical safety and cora-
soys are concerned. Vladimir Won Keep
,,.n. young member of wealthy Rus
sisu family. feels that he is much bet
ar OF in this country than he would
have been had he remained in Russia
nut so far as concerns his fortune,
usich he saved from the revolutionary
ejsmsat, Won Koeppen complains that
se might have done better By leaving
his money in Russia, and couldn't have
done worse.
IN an action brought by Won Koeppen
n the Supreme Court yesterday against
The Telegraph Typewriter Company,
Inc.. ths Russian alleges thst the con-
earn obtained s215,ooo of his money
through misrepresentation about the
gleber printing telegraph typewriter.
Ven Koeppen holds 21,B0o shares of
preferred and T6,5oo shares of common
stock in the corporation. but the inyen-
ton having. he says, no commercial
vslue, he does not think the stock will
ever be of any market value.
Led Astray by Countryman
Won Eoeppen said he was induced to
make the investment by one of his own
sauntrynen, Professor Ruben Poliakoff.
formerly professor of mechanical engi-
nsering in Russian university, who, it.
4 alleged, received S21 500 as commits
sons for his part in getting the plain
tiff to put his fortune in the enterprise.
Professor Poliakoff in 1917 was a rep
resentative here of the AIl-Russian
Union OF Zemstvos and Cities. He had
been an agent of the plaintiffs father,
and Won Koeppen, who admits that he
has had no business experience, says
be reposed great confidence in the pro-
fessor.
The defendant corporation, said Won
oeppen, represented that it owned a
patent on q typewriter that sent tele-
graph messages. 1t is Delaware cor
Jporation, capitalized at $5,000,000. Won
Eoeppen says Professor Poliakoff
dangied before him the possibilities Of
the Kleher patent. 1t was represented,
he alleges, that large financial in
ssrests were seeking to gobble up this
bonanza, and he was advised to act
quickly or be left out. Won Koeppen
alleges that he was told that the let
sttIS pdLSuL Oh Inc h4SOSI luSLruIn GHG
were pronounced good; that arrange
ments had been made for the erection
Of 8 plant which in six or eight
months would be turning out / 900 ma
chimes and in eighteen months would
produce 100000.
Says Friend Got S21,50o
Won Koeppen bought the shares, pay
ing s215,000. Then, he alleges, he
learned that his friend PoliakoF re-
csiyed s21, 500 in commissions, and also
that virtually all the representations
made to him were false.
The plaintiff says that others of his
5countryrnen also lost money in the en-
terprise. He also alleges that attor-
neys had advised the defendants that
their patent rights were not clear and
that the telegraph typewriter for COM
merelal purposes was worthless.
Won koeppen also mentions that in
October last he talked with Poliakoff
ABOUT another patent in which the
young Russian was interested, and
that the professor told him it was no
good
;, poilskof, he says, also impressed on
ven hoeppen that it was necessary to
keep quiet about the investment in the
defendant company.
Won koeppen yesterday obtained in
the Supreme Court an attachment
against any property or bank accounts
mat the company might have in New
IofK, It being a nonresident corpo-
ration.