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Imperial Valley Press
El Centro, Imperial County, California
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In Los Angeles, Harry A. Reese and Mrs. Flora Carter were convicted on 18 counts of conspiracy, grand theft, and securities violations for defrauding investors via the Virginia Dale silver mine, losing hundreds of thousands. Jury deliberated 22 hours; sentencing Monday, up to 150 years prison.
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LOS ANGELES, Aug. 16. (U.P.) - Harry A. Reese and Mrs. Flora Carter today were found guilty on 18 counts of conspiracy, grand theft and violation of the corporate securities act.
A jury delivered the verdict after deliberating 22 hours, as compared to 100 hours deliberation in a former trial.
Possible sentences of from 15 to 150 years in prison face the pair.
The two defendants were indicted as an outgrowth of their operation of the Virginia Dale silver mine through which they assertedly fleeced scores of investors out of several hundred thousand dollars.
They will be sentenced on Monday.
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Location
Los Angeles
Event Date
Aug. 16
Story Details
Harry A. Reese and Mrs. Flora Carter found guilty on 18 counts of conspiracy, grand theft, and violation of the corporate securities act after operating the Virginia Dale silver mine, which fleeced investors out of several hundred thousand dollars. Jury deliberated 22 hours. Sentencing on Monday, facing 15 to 150 years in prison.