The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-03-05
BROKERL|NDSAY
HELD IN FRAUD
Of 100000.
II Women Tell of Losses
Through Him in SpecuIat-
ing-Mystery in Club.
POLICE SEEK INNER CIRCLE
Victim Fed on Stories of Band
Who Could Manipulate
Market.

NEW YORK, March 4.-Who are
the members of the inner circle OF
the mysterious Domino Club that IL
reported to control the fluctuations
of securities in theNNew York Stock
Exchange for the benefit Of I'M
scrdpulous gamblers in millions?
This is the question that District
Attorney Jacob Banton is trying to
answer, for the mysterious or myth
ical Domino Club is the most amaZ-
ing development in the financial
scandal that followed the flight and
arrest of Alfred L. Lindsay. the
spectacular speculator.
Charles II. Sabin, chairman OF the
board of directors Of the Guaranty
Trust Company, and w. Averill Har-
riman, the equally famous banker.
who were mentioned in connection
with the rumors of the extraordinary
organization, told the county prose-
cutor that they knew nothing either
of the club or Lindsay.
Eleven Women Losers.
Other financiers repeated this tes-
timony-and yet eleven prominent
women, who charge Lindsay with
Fleeing them of large amounts, de-
clare that he described the club to
them and asserted that the meeting
room was in the fashionable Ritz
Carlton Hotel. One report had 1t
that he declared the members Of the
inner circle wore masks. from which
the club derived it's name.
The fugitive broker is now held in
$4,000 pending trial. He was ar
rested in an apartment near Phila-
delphia with his wife.
Among the eleven women who
have accused him of taking their
money to invest on sure specula-
ton" in Wall Street are Fiss Flor
ence James, Miss Carlotta Nilsson,
Mrs. Lillian n. Duke, Miss Helen
Smith. Mrs. Adelaide V. Rice, Mrs.
Dorothy Atwood, Mrs. Helen Bur-
nett, Miss Margaret Bogart and
Mrs. w. A. Arnold. Not the least
amazing of the many amazing
features of the exposure lis that
every one of the compliments
against Lindsay Is a woman!
Many Brokers Fail.
The Lindsay expose caps the eli
max Of a series of brokerage house
failures which have been shaking
the Street for a fortnight, since the
district attorney began operations
against bucket-shops. An impend-
ing development is an official, open
investigation into the entire situa-
ton, with the possibility OF State
regulation Of stock transactions.
Alfred E. Lindsay, whose clients
claims total more than 81 10000 is
the ideal type of fiction for sue
cessful broker in big affairs. Tall,
heavily built, blue-eyed, gray-haired
and meticulous in appearance, he Is
obviously a person to impress the
unwary, especially women.
inexperienced women suffering
from recent bereavement were
approached by him at Christian Sci.
ence meetings and other gatherings,
according to Norman J. Fitzsim-
mons, who brought a group Of al
legged victims to the district attor-
ney's office last week. More than
ten women have told how they were
swindled. They have named sew
eral other women who were trapped
by him. His victims will probably
number a good many more than
score, according to District Attor-
ney Banton.
Said Mr. Banton:
He will probably be indicted
several times. This man is one of
the greatest and worst swindlers
that ever lived"
Lindsay, then Calllng nlmselt fOst,
ran a detective business and strike
breaking agency for several years,
ending about ten years ago, when
he changed his name to Lindsay.
His career as Post and his early
career under the name OF Lindsay
are being Investigated. He Is now
fifty-eight years old.
While nearly all Of his victims
have been women, evidence that he
swindled a few men has come to
light. 1t was asserted yesterday
that he had cheated a pawnbroker
who runs a shop near Fff.y.ninth
street out of $4,000 by inducing him
to invest II in a fake enterprise. A
few men patients Of the medical
man and introducer are said to
have been cheated by Lindsay.
Miss Nilsson, an actress living at
tho Hotel Buckingham, told Assist
ant District Attorney Murphy that
she had given $4,000 to Lindsay to
invest in an enterprise together
with George F. Baker, Thomas w.
Lamont. Charles Il. Sabin, Percy A.
Rockefeller, James A. Stillman and
others. Lindsay represented 10 her
that these and other great finan-
cIsrs met nightly at rooms in the
Ritz-Carlton Hotel. admitting them
sslves by passkeys, and there
planned exploits which were to stir
Wall Street the following day.
ct am telling you" he said to