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Domestic News
December 19, 1929
Seward Daily Gateway
Seward, Seward County, Alaska
What is this article about?
In Flint, Mich., nine of 15 former Union Industrial Bank executives and employees pleaded guilty to embezzling $3,592,000 for failed securities speculation; sentencing set for Jan. 26. The rest elected trial by standing mute at arraignment.
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NINE MEMBERS OF BANK PLEAD GUILTY STEALING
OTHERS MUTE DURING THEIR ARRAIGNMENT; WILL GO TO TRIAL
FLINT, Mich., Dec. 19, (AP)—Nine of the 15 former executives and employes of the Union Industrial Bank pleaded guilty to taking part in the wholesale embezzlements which diverted $3,592,000 of the bank's funds to unfortunate speculation in the securities market.
They were ordered to be sentenced January 26; the others stood mute during their arraignment before the circuit judge thereby electing to go to trial.
OTHERS MUTE DURING THEIR ARRAIGNMENT; WILL GO TO TRIAL
FLINT, Mich., Dec. 19, (AP)—Nine of the 15 former executives and employes of the Union Industrial Bank pleaded guilty to taking part in the wholesale embezzlements which diverted $3,592,000 of the bank's funds to unfortunate speculation in the securities market.
They were ordered to be sentenced January 26; the others stood mute during their arraignment before the circuit judge thereby electing to go to trial.
What sub-type of article is it?
Crime
Legal Or Court
What keywords are associated?
Bank Embezzlement
Union Industrial Bank
Guilty Pleas
Flint Michigan
Securities Speculation
Where did it happen?
Flint, Mich.
Domestic News Details
Primary Location
Flint, Mich.
Event Date
Dec. 19
Outcome
nine pleaded guilty and ordered to be sentenced january 26; the other six stood mute and will go to trial. $3,592,000 of bank's funds diverted to speculation.
Event Details
Nine of the 15 former executives and employes of the Union Industrial Bank pleaded guilty to taking part in wholesale embezzlements.