Show i y PROMOTER UP IN FEDERAL mm COURT John ohn J OHara Arraigned in n Denver for Alleged Fake Mining Scheme Denver Colo Cob April Apri 9 John J T JOHara OHara a mining promoter who was indicted by b the federal grand gand jury jur iu ill session at Pueblo last week on th the charge of using the malls mails mall to defraud was wa arraigned before United States StateR Commissioner Sanford C Hinsdale lu luthis luthis luthis this city ely today toda and was released aCEt furnishing a bond of 60 to insure his hil appearance for trial in the States district court On complaint rf ef r rJames James Wilkinson of Providence R R I 1 Ian Ian an investigation of operations was made by Chief Inspector E L XI M I IKee Kee and Field Inspector W V T Gregg Of OC a dozen or moro morn properties OHara located in Colorado and Nevada Nevada and was promoting the disclosed it i is alleged that only one or two gave gae any evidence of ot the values alue which had been glowingly set forth i ithe i Ithe the literature which was sent through the mails mals to prospective Investors Organized Two Companies V OHara began operations two years ear ago by organizing the Modern oder Securities ties tes Investment company compan and the th Gold Bond Investment company both with wih headquarters In i Denver and cf c which he was secretary and treasurer I Properties secured by b these companies I for nominal sums It i is said were placed in possession of subsidiary eon con OI I incorporated with wih i shares each of oC which would bo I offered to investors Invest rs ostensibly to raise rise i funds f for development purposes purpose Wry Very Vcr little development work the govers I ment mont agents assert was ever eer done and andI I that which was w s done was wag under the sol sole solI I management of OHara who charged charge I i rates very ver much higher than the aver average average age paid for such work I I II Other Promoters indicted I i Indictments against other promoter I are ora reported to have been found by b th thI Pueblo grand jury jUl but the profits Iron f J I operations which are est esti estimated I mated at are said sid by the go goI I agents to have hae gone to him hint alone It I Is the beginning of the end of of the mining fakes said a government official today We Ye will wU keep up the tu investigation until every eer one of ot them Is driven to lo the wall wal There Is nothing that t at injures the tho mining industry KO so f much as such fakes takes and we intend to tf t rid rd the country of them as quickly as possible |