Jasper County Democrat, Volume 13, Number 36, Rensselaer, Jasper County, 13 August 1910 — STOCK BROKER IN TOILS OF THE LAW [ARTICLE]

STOCK BROKER IN TOILS OF THE LAW

W. J. Wintemut Taken on Charge of Fraud by Stockholders. USED THE MAILS TO DEFRAUD Many Investors in Mine Stock Lose Large Sums—Amount Secured May Total Over One Million— Wintemut in Jail. New York, Aug. 12.—-Half a ton of mining literature and stock books lay on the first floor of the federal building as the immediate result of a trip taken by two inspectors and a couple of headquarters men to the six-rcom suite of offices of W, T. Wintemut, 1 styled banker and broker, on the third floor of the White Hall building at 17 Battery place Mr. Wintemut himself spent the night at police headquarters t > «.<t until 10 o’clock this morning v. he will have a chance to explain matters.

Fraudulent mie of the mails was the charge cn which the pcstoffice meh invaded the White Hall building suit® and stopped broker... e and banking until the bo; ?h.as a chance to tell whether the <1)0 persons who have written to the authorities were saying truly, when they raid that they had received nothing money. A Lady Tanke. viile of Txmdbn appears as one of these, and closely bound up with her case, is that of Mise Henrietta Flout .of Glendale, Tunbridgewells, England. These two have lost a good round $50,000 through delving into Wintr mat's proposition; the Gold Run Mining arid Tunnel company of Boulder, (■olo. One man.' John A Collicott of Boston, whose case is to be the basis for the prosecution of Wintemut, has turned over 216 letter; and circulars which he hap received and he told the inspectors that a lot more had come, but had teen mislaid. This man is said to be cnly one of 12,000 who are knowft to have been on Mintemut’a mailing lists. The postoffice ]>eople say an investigation has shown that Wintemut arranged with the concern to be its eastern selling agent in 1906. The company itself has not been able to get an accounting for the past year. Altogether, the inspectors say, Wintemut has sold more than $1.300,00u of Gold Run stock, and that he has sent to Colorado about $30,000. The company was to get 5 cents a share, they declare, and Wintemut began selling it at 25 cents. Later be jumped the price up to par, at which he has sold most of it.