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The Portland Daily Press
Portland, Cumberland County, Maine
What is this article about?
In New York on December 5, stock broker O.W. Morgan (trading as C.W. Morgan & Co.) and bookkeeper Michael Hart were arrested for conspiracy and grand larceny in a swindling scheme linked to McKenzie and Van Riper, who mailed up to 100,000 fraudulent letters weekly across the US and Canada promoting Wall Street deals.
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New York, December 5.- O.W. Morgan, trading as C. W. Morgan & Co., stock brokers, and Morgan's bookkeeper, Michael Hart, were arrested today on the charge of conspiracy and grand larceny. It was found that McKenzie and Van Riper did an extensive business throughout the United States and Canada. They sent out as many as 100,000 letters a week, telling how easily money was made in Wall street and explaining certain deals, the money to be sent to Morgan & Co., or O. B. Lawrence, Jr.
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Where did it happen?
Domestic News Details
Primary Location
New York
Event Date
December 5
Key Persons
Outcome
arrested on the charge of conspiracy and grand larceny.
Event Details
O.W. Morgan, trading as C. W. Morgan & Co., stock brokers, and Morgan's bookkeeper, Michael Hart, were arrested today. It was found that McKenzie and Van Riper did an extensive business throughout the United States and Canada. They sent out as many as 100,000 letters a week, telling how easily money was made in Wall street and explaining certain deals, the money to be sent to Morgan & Co., or O. B. Lawrence, Jr.