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New York, New York County, New York
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In New Orleans, assistant cashier Herman A. Wulff arrested for embezzling $20,736 from Commercial Germania Savings Bank via forgery. He confessed after losing lottery winnings and funds in cotton speculation, threatening suicide. (148 characters)
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Officer of New Orleans Germania Savings Alleged to Have Stolen $20,730.
New Orleans, Oct. 6 - Herman A. Wulff, assistant cashier of the Commercial Germania Savings Bank and Trust Company, one of the largest banking houses in the South, was arrested to-night charged with forgery and embezzlement. The extent of his defalcations is alleged to be $20,736.
Wulff is 46 years old and married. For many years he has been prominent socially, was a member of carnival organizations and has been leading a life of comparative luxury despite his moderate salary.
Six years ago Wulff won $15,000 in a lottery. It is said to-night he lost all that and all he is charged with taking from the bank speculating in cotton.
Wulff is said to have confessed his peculations and threatened to commit suicide.
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Location
New Orleans
Event Date
Oct. 6
Story Details
Herman A. Wulff, 46-year-old assistant cashier of the Commercial Germania Savings Bank and Trust Company, arrested for forgery and embezzlement of $20,736. He confessed after losing $15,000 lottery winnings and embezzled funds in cotton speculation, and threatened suicide.