The New York herald., 1922-07-01
Branch Found in Philadel-
phia Where Dier Clerks
Nullified the Orders.
TWO WOMEN DEFRAUDED
Bucketing and Grand Larceny
Alleged in Various Counts
Against Defendants.

Elmore ID. DER. once head OF the
brokerage Arm of e. D. DER & Co. of
AZ New street, which failed for about
"a, ,o0o,o 900 last January, was indicted
yesterday for grand larceny and buck
citing, as was his secretary and conf
Dental man, Harry ]. Lawrence, Jr.
Benjamin r. Shrimpton and Adam
Recklein. managers for the DER house,
were indicted for bucketing.
Seven of the indictments charged
grand larceny and nine bucketing.
They were returned by the Supreme
Court Grand Jury in the afternoon and
Justice Giegerich issued bench war
rants for the arrest, of the indicted
men and detectives at once began to
look for the men. Although 1t had
been understood that an arrangement
had been made by counsel to produce
them when wanted, they did not ap-
pear In court.
DER Ia supposed to be IN New York.
but when ne testified at the bankruptcy
hearing he was very hazy as to his exact
address. Lawrence and shrimpton have
been among the missing for some time
Lawrence ever since the failure. Shrimp
ton appeared for examination and has
offered a settlement. but since then has
disappeared. Recklein left the firm Just
before the failure. He has not been
heard from recently.
Drsnch NulliHed Orders.
Coincident with the finding OF these
indictments THE New York HERALD OBJ
tanned copies of evidence taken In the
bankruptcy hearings a few days ago.
showing that DER operated In Philadel-
phia. right In the offices OF a New York
Stock Exchange house. Bell & Co.. keep
ing in those offices for the purpose OF
nullfying orders two OF his own en-
ployees and paying commissions to Bell
& Co.. SO the witness testified, "for the
time being" only.
The grand larceny indictments against
Dier and Lawrence are based on charges
made by several residents of Manhattan.
One complainant Is Andrew NJ. Hamill
OF SIT West 12sth street. who asserts
he gave $1,000 TO the DER firm for the
purchase OF $1,000 bond Of the North
western Bell Telephone Company.
Another is George Heckeroth OF 50
West Ninety-first street, who alleges t,,c
larceny of $175, put up as margin for
the purchase of 100 shares Of WHY'S
Overland
A third is Estelle T. Storm, who as
serts she paid s174 to the firm for the
purchase OF thirty shares OF Lake Su-
perior and never received the money or
the stock. A second woman, Moille w
Gantz. says she paid 1924 to the firm
for per cent. New York Telephone
bond which she did not get.
The bucketing indictments are against
all four Of the men. The bucketine OF
the orders mentioned In the larceny IN
dctment Is charged and there are other
counts as well, one of them being the
complaint OF John G. Thompson, who
directed the purchase of 100 shares OF
American Safety Razor. 1t is asserted.
as against Shrimpton and Recklein, In
the indictments. that they assisted In
making the unlawful transactions.
Ready for Trial Mt Once.
District Attorney Banton announced
that he was ready to proceed with the
trial of the indicted men at once.
'The people" he said. waited until
they had their case prepared properly
and consequently they are ready to 70
TO trial tomorrow. It may be that
will try this case myself II can find
the time"
When the indictments were handed
up the foreman OF the Grand Jury,
George Blagden. publicly commended
Assistant District Attorneys BENJAMIN
+. Schreiber. John r. O'Nefl, Thomas
J. w. Geraty and william F. McKenna
for the manner in which the evidence In
the case had been presented to the
Grand Jury.
An effort was made TO get In touch
with Mask lockwood. Dier's counsel. tc
ascertain where his client was and
whether he would be surrendered soon
II was learned at Mr.. Rockwood's ONCE
that the lawyer was away In Maine or
a vacation and not expected back FOR
some days. No one else seemed tc
know anything about the case or the
whereabouts OF Dier.
The indictments follow an investIga
tion by the District Attorneys ONCE
lasting several months and greatly ham
pered by the fact that not until re.
Gently. and then only through decision
OF the United States Supreme Court. was
the District Attorney able to get hold
OF the books OF DER & Co.