Salt Lake Telegram | 1932-04-12 | Page 2 | Silk Firm Chiefs Get Prison Terms

SILK FIRM CHIEFS GET PRISON TERMS EDINBURGH Scotland April 12 W The P-The The longest trial ever held in Scotland ended yesterday when Crai Cr li gie gic Aitchison lord advocate ate sentenced sen sen- two directors of Scottish Amalgamated Amalgamated Amal Amal- Silks Ltd to terms of three years years years' penal servitude and six months' months imprisonment respectively 33 days day after aUer their hearing on charges o ot of fraud began Alexander Young was sentenced to three years at It hard labor and George GeorgeM M M. Todd ta to six months' months imprisonment Six other defendants were acquitted by the jury The convicted men were released on bail pending appeal The TIle action arose nrose from charges that tha Young and Todd with six other dirce- dirce tors of or the company compan defrauded the public of pounds b by L issuing a false alse prospectus and that they mis a R. further by false alse allotment of shares in the compans company's company's com com- pany's pans stock It was estimated the trial cost be tween and pounds