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El Centro, Imperial County, California
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J. K. Fronk, dubbed the 'Ponzi of Hollywood' for past financial schemes leading to San Quentin imprisonment, announces plans to re-enter business after starting 15-month parole, seeking moderate income while bookkeeping for an auto firm in Los Angeles.
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LOS ANGELES, Feb. 26. (U.P.)—J. K. Fronk, known as the "Ponzi of Hollywood" when he was sent to San Quentin several years ago as a result of his financial operations, said today he planned to re-enter business at the expiration of his 15-months parole, which started a few days ago.
Fronk met newspapermen in the office of J. E. Lewis, state parole officer for Southern California, and told of his prison experiences and plans for the future.
Fronk said millions of dollars would not be his goal in future ventures—that all he wanted was a moderate income and a home. He is working as a bookkeeper for an automobile concern at present.
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Los Angeles
Event Date
Feb. 26
Story Details
J. K. Fronk, known as the 'Ponzi of Hollywood,' released on 15-month parole after imprisonment in San Quentin for financial operations, plans to re-enter business modestly, currently working as a bookkeeper for an automobile concern.