Evening Republican, Volume 22, Number 216, Rensselaer, Jasper County, 6 September 1919 — LAFAYETTE MAN JOINS LIST OF “SUCKERS.” [ARTICLE]

LAFAYETTE MAN JOINS LIST OF “SUCKERS.”

Lafayette, Ind., Sept. 5.-—Patrick J. Vaughan, age sixty-five, of tins city, has lost $25,000 as a result of the dealings of three men who represented themselves, as investment brokers and who induced him to invest in a fake stock promotion scheme. The affair was at Denver, while Mr. Vaughan recently was visiting in the west. After returning here and becoming convinced thafj he had been defrauded, he obtained the services of a local detective agency in an effort to find the swindlers. The police in several Colorado cities also are investigating the case. Mr. Vaughan, accompanied by a detective, went to Chicago yesterday in connection with the inquiry. (Mr. Vaughan says he met the alleged brokers in Colorado Springs. They introduced themselves as C. H. Holt, Robert Miller and William Miller. Horse racing was mentioned and Mr. Vaughan said he won $25 through a “tip” the men gave him. Stocks were the next business. This took them to Denver, where they all agreed to invest $25,000 in a venture, which they said would make them SIO,OOO a day. Mr. Vaughan approved the plan and had his bankers here forward this sum, which was turned over to Holt. Mr. Vaughan then returned here to await developments. The victim is a widely-known and wealthy farmer of Tippecanoe county and he formerly lived near Octagon. He removed to Lafayette about twelve years ago. Mr. Vaughan is the father-in-law of Salvatore Palma, a prominent contractor of this city.