[A GIANT SWINDLE.]
BANKS IN CHICAGO, NEW YORK AND LONDON BADLY FLEECED.
Bogus Notes and Stock—Many Firms Are Victims—Prisoners Said to Have Practiced Frauds Under Titles of Corporations—Chicago, September 14, 1906, Detectives Wooldridge and John Hill Uncover the Fraud—Five Men Arrested.
A remarkable story of swindling which, extended to many cities in America and to England, was disclosed, uncovering a gigantic forgery and check kiting plot as well as several fraudulent stock selling schemes.
Chicago Concerns Are Victims.
Banks and business concerns, especially in Chicago, suffered through the operations of the men. Their methods came to the attention of John Hill, Jr., connected with the Board of Trade, and Detective Wooldridge learned enough to convince them and the men behind institutions the objects of which were to obtain money fraudulently.
Some of the places which have been mulcted are:
Commercial National Bank, August 15; bogus note for $1,078. Stromberg, Allen & Co., printers, 302 Clark street; bogus note for $206. R. B. Padgham & Co., packing boxes, 59 Dearborn street; bogus note for $300. Matthew Hallohan, 42 River street, September 12; bogus note for $190.