Show ii I u. u S S. S AGENTS NAB FORMER SALT LAKER Frank Keller Jr Arrested in Portland on Mail Fraud Charges THREE OTHERS ARE HELD Indictment Follows Sale of ol Baldwin Stock Frank Keller Jr formerly of Salt Lake Lake under sentence to lo serve three years in the Oregon state prison for his ais connection with the defunct Pacific Pa Empire corporation and three other Portland men were arrested today oday by federal officers at Portland on an on an indI indictment charging them with using the mails to defraud according to an Associated Press dispatch The indictment issued at Butte Mont charges that these men and 14 other defendants devised a scheme to obtain money u under der false pretenses pre pre- tenses by organizing and promoting a campaign to sell stock in the Nathanel Nathan Nathan- lel iel el Baldwin Incorporated of Salt Lake a radio manufacturing com cornS pany jany Keller was one of the executives of the Intermountain Sales corporation while in Salt Lake CHARGES STOCK SALE The Fhe indictment charges that the defendants de de- sold shares of the stock at 1 a share In selling the st stock ck the defendants are accused of having made mad Hse ce e representations mis s-as' s r fo ea earnings prosperity prosper prosper- ity ty and prospects of the company which were sent through the mail in circulars The company operated principally prin in Ut Utah h. h Montana Montaha and nd Idaho and had started work in m in W Washington Of Ot the 18 defendants in the case four bur are Those arrested with Keller were Joseph IL lL Green John E. E Martin and George W. W Each of the men against whom there are arc 10 JO counts was ordered held under bail The indictment 42 pages long ong gives specific accounts of the alleged fraud which took ook place in 1929 CONDUCTS SCHOOL Green has been conducting a PS psychology psychology schooL has been living iving on a farm near here and Marin Martin Mar Mar- tin tin in unemployed has been living in Portland The indictment said that in order to lo promote the sale of the stock three organizations were formed in addition addi addi- tion ion to Nathaniel Baldwin ra rated ted The officers said that Green said he personally had sold more than 00 shares of ot the stock Keller and Martin are said to have sold great amounts of the shares while Ried Ried- mans man's activities were less widespread Circulars described the investment as a gold mine and claimed orders on radio sets the indictment indictment in in- states while in fact the company had no orders and was not in n a position to fill more than a few Sew Although the indictment declares the company operated at a loss in 1927 and nd 1928 the themen men are arc accused of hasing have has ing ng stated slated that the company earned profits of 1116 per cent in 1927 1027 and 2833 per cent the next year j |