The Bridgeport times and evening farmer., 1922-02-20
CH|CACO'S 'PONzp
 UNDER SCRUTINY OF INVESTIGATORS

Chicago, Feb. 20-Investigators are busily engaged in delWng into every nook and crevice of the gigantic finan cial deals of Rayond J. Bischof. Chi possible hidden assets.
 According to Attorney Felix J. Streyckmans, who represents the cred itors,. if s5OO,O0o is realized from the wreckage developed following filing of involuntary petitions in bank ruptcy. Saturday, it will be surpris- ing.
 Bisrhofr Still in Custody. The financial wizard" who was taken into custody on a ne exetat war rant issued by the government. has admitted his liabilities may exceed $4,500,000.
 After Hhe case came to light scores of alleged victims ni1led around the building where Bischoffs office is To- cated. They were practically with out exception, bard working people from ''back O the yards,'' Lithuanians, who had invested their all with the 'wizard' in hope of immense re- turns.
 There were work hardened women with shaw1s over their heads anG babies in their arms, able to talk but little English, but with dread in their swept away. There were men dn work attire who gesticulated as they held converse in their native tongue.
  here and we want to see him. We want our money back" they told R. G. Gond, representative. of the Cen tral Trust company, receiver in chargs of the office as custodian.
 Maintain Their Vigil.
 From inside the suite of offices on the second floor of the building Gond tried to explain that Bischoff couldn't see them, that there was no creditors, meeting going on, that Bischoff was in custody. Nevertheless, dozens
  ing all day in hope of something. they knew not exactly what.
 Were working hard to uncover every nickel of assets says Streyck- however, I think we'll be immensely lucky if we can find as much as $500. 900 in real money. The situation is not encouraging m cGnadering 13a5fifidg Bischofs we find Bischoff apparently sunk vast sums in the Y Oil and Gas com pany The par value of this stock is s1 share, but its present market value is only 2S cents Bischoff has claimed he owns a controlling interest in this company There are many other oil concerns and other com panies that Bischof bought stock in with his clients money. It Is inn possiG>1e to say yet just what value these investments have It may take weeks to uncover all his deals. Others trying to get at the bot tom of the mass of "get rich quick schemes employed by the "whirlwind 1nancier," who airi1y handed out upon occasfon-huge profits to his investors" are F. B. Hummen and | Attorney Edward R. Tiedeboh1 of the bankruptcy division of the Central Trust company. Remains in Sec1usion. Bfschoff is being held at loop | h oteI on orders of United States Mar shall Robert Levy He insistently refuses to see callers. "It will all be straightened out sooner or later" he declares. Right now it suits me fine to be a prison er.' Not that I'm afraid of violence from anybody. but I want to show I'm on the square with my creditors. and when the truth is known l wont be called a thief.
 l Rdschoff has been living in a pre- tentious s1O0.0o0 residence on Hyde Park boulevard. He is twenty-five years old, single, and was once scout | master of the troop of Boy Scouts at tached to the University of Chicago | settlement | Attorney James J. Kelly of counsel for "the financier," declared Bischoff l had violated no law, but had simply lost money, speculanng;
 l sfHe gave only promissory notes to | his clients and no man can be i'm | 1,risoned for failure to pay such note if he hasn't the money, said MT. Kelly.
 l Bischoff says his operations started when he invested s260 for the father of Bow Scout friend, which nettec the father $500. Others hearing. o1 | tbf. bo roxs gave him money to in