Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-01
+! !IEEGED SW|ND[ER
!, Of SOCIETY WOMEN
ISSUES STATEMENT
Alfred E. Lindsay Denies
He Figured III 81, OOO.-
1000 Fake Stock Deals.
rBy Associated rress.1

9f-NEW YORK, Feb. Is. Alfred T..
Lindsay, alleged swindlcr of society
women. issued n statement from his
cen in Tombs Prison today denying
that he had f1ceced the women out OF
nearly 100000 by fake stock trans.
actions and painting himself as n
faithful meal ticket to those who had
lost through his speculations.
The statement was in sharp con-
traSt TO one issued earlier in the day
by Assistant District Attorney Muir
my. In which MIR. Murphy said Lind
say had broken down and sobbingly
dictated n confession that many of
the charges against him were true.
and that he and his wife had dis
cGssed suicide as possible way out
of their difficulties.
Under No Obligation.
All the women who advanced him
rtiSney did so, Lindsay's statement de-
clared. with q full understanding that
I.was to be used for stock specula-
ton. and all knew. he assorted, that
their money had been lost honestly.
Notwithstanding that he felt he was
under no obligation to them, he said.
he had continually advanced them
money until the greater part or ,hci!.
losses had been restored to them
Supporting this contention. he gave
out sample monthly pay roll" on
which the names Of eight OF his ac-
cusers appear MS recipients Of sums
ranging from 500 to $500, and aggrc-
eating S1.675.
Mrs. Lindsay, he said. although she
knew nothing of the merit of the
women's claims. was willing to turn
over to n creditors committee the
handsome Lindsay estate at South
iNyack. which, with the furnishings,
should bring nearly 100000. In ad-
dition, he said no was willing to
make good any difference between
the amount so realized and the un-
paid balances on sums the women had
sRlyanced him.
Takes Up Each CInim.
YThis. he could easily do If released
5R6SS~out a project he had under
= S!e declared. -,
Nalsay took up each woman's
claim separately. giving his version
in detail of the transactions, and
denying vigorously the magnitude of
the sums some of the women said they
had lost.
Mrs. Lillian Duke. divorced wife of
James b. Duke, the tobacco king"
who claims To have advanced him
abuut $4,000. actually gave him far
less than that sum. he declared,
though he did not give an exact
figure.
I'm 1913. I met Mrs. Duke. who
gave me 4 check for 5000. with the
understanding that I was TO play the
market for her." the statement said.
During April and May Of that year
she gave me approximately 500, 900,
: BY that time Mrs. Duke was sued, or
31bout to be sued. for alienation of
B1Hections. She was afraid OF judg-
ment against her, sold her stock and
4Save me the money TO speculate with,
(Which l did. making reports TO hcr
from time to time as 10 the stocks
(which / invested in, and which she
knows was lost honestly.
FL Mrs. Duke Consulted Lawyer
II have always given Mrs. Duke
money. / gave her $500 In December
1921, and as late as January 20 or 80.
X gave her $50. Mrs. Duke went to
europe In 1919, and l gave her the
money to go wih.+ Each letter asked
sme Tor more LEogsyr which / sent 10
sher. =.
III she Will figure up the amount
nave given her it Will be almost.
,f not quite, the amount sho gave me.
lIourins the lifetime OF John b.
Sstanchheld, she consulted him with
preference TO this matter. and he ad.
SiSed her that she had no action
against me-"