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Show iISJSe Admits Making False En- ! tries on Books of Pan ; Motor Company. t . i CHICAGO, Doc. 4. Cross-examination of S. C. PamloM'o, witness nnd defendant de-fendant in the Pan Motor fraud trial, ivas nearly finished today. Only the ieailin-; of one report remained. Pan-jiolt'o Pan-jiolt'o is the last of the thirteen officials offi-cials of the St. Cloud, Minn., corporation corpora-tion to take the stand. : He admitted today that false entries en-tries has liecn made in the fiscal Cheney books of the company to show lus income to be less than it really was. f "I did this to cover any chance losses which might occur," he explained, ex-plained, "such as the theft of money bv a stock salesman or the like." ; lie was again questioned about the transaction of May IU, 1918, whoreby he was to receive 100,(100 shares of the Company stock at half of the selling Value. : ".Is it true you told a federal trade commission examiner iu April, 1919, that the board of directors acquiesced in this arranjyment J" asked Attorney Ban Kpstein for the prosecution. "Yes, it' may have been true," replied re-plied Pandolfo. '. The attorney then called Ins attention atten-tion to tho fact that, according to testimony tes-timony in this trial, some of the board members were opposed to the arrangement, and that it was finally cancelled for that, reason. -. "Yes, but the board did not object as a whole at the time, "'said the witness, wit-ness, "and I took this as an acqui-GseeiH. acqui-GseeiH. ' ' ' He was then a sited to explain $112,-000 $112,-000 expenditures, on the fiscal agency books, which were unsupported by vouchors. ; "That was money I spent during he carlv davs of the company in 191b' and 1917 and for which 1 never took ih.i troublo to get vouchers," said Pandolfo. |