The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-12-12
'CYPS' ON HUGE
SCALE LAID TO
REALTY RING
Indiana Estates Company
Crash Turns Spotlight
on silent Chief

Crash of the Indiana Estates Com
pany, Coils Meridian Life building
Thursday, may be but one incident
in long series of carefully planned
victimizations of the public, nation
wide in scope, it was revealed today
by T. NJ. Overley, manager of the
Better Business Bureau.
Several groups have been operat-
ing the feed EN- and fool EN- sys-
tenn for a long while" he said.
Perhaps the most notorious of
these is that headed by James F.
-Huteson, now missing.
Huteson first came to our atten-
ton several years ago. when, with
a partner named Noel Clark, he
operated in Seattle. That partner
ship broke up in fight. Huteson
sued Clark for 100000. formed new
partnership with a man named Nc
CoWan, operated for while, and
then disappeared.
HE turned up next in Portland.
There. after many stormy incidents,
he again disappeared, leaving behind
him his hotel bills and a host Of
ether creditors and victims.
Operated in Other Cities
We have information of his sub
sequent operations in Atlanta,
birmingham, Denver, Omaha, st.
Louis, Buffalo, Toronto and host
of other cities.
In Denver he used another man
to front for him, just as he used
w. NJ. Dozer and NJ. F.. O'Keefe in
indianapolis.
I'm his operations in various cities
we find the same group of subordi-
nate officials and salesman con-
stantly appearing.
"O'Keefe first came into the pic
ture in San Francisco. Dozier first
appeared in Omaha. Another man,
Lloyd E. Arnold, has operated in
Omaha, Evansville, Nashville, Okla
homa City and Tulsa.
Worked in Buffalo -
Huteson. Dozier, O'Keefe and
Arnold we're together in Buffalo as
the Buffalo Development Company
in 1929. They left in the same sit
uation as the one developed here.
Later, in Toronto, Canadian Of
ficials again closed them up. Then
they came here.
"Huteson no longer can get a
license to operate anywhere. His
license has been revoked in every
state of the Union where there is a
real estate board and in three prov
1nces in Canada.
He must operate behind some
other and more, acceptable per-
sonality.
"Dozier comes of a good family
in Omaha. He is married and has a
baby boy. He is highly educated, is
2 wonderful speaker, and has an
engaging personality.
"Huteson is another man Of re-
markable and magnetic personality,
He makes friends wherever he goes
and leaves enemies.
Posed as Capitalist
He came to Indianapolis several
months ago, made large cash de
posts in local banks, posed as a re-
tired capitalist. engaged a suite in a
leading hotel, and rode about town
in Rolls Royce
NO one until recently suspected
his connection with the Indiana
Estates Company. And no one took
the trouble to look up his record, as
witness the high rating given him
by certain local credit reporting
agencies.
Now he's gone-but not forgot
ten. The Better Business Bureau is
making an extensive search of all
the operations of this group for q
number of years. When these re-
ports are received from our fifty
three branches throughout the
country, we will compile and collate
them.
Then we will present them to the
proper authorities for whatever &C.
tlon can be obtained"