Salt Lake Telegram | 1934-05-24 | Page 13 | U. S. Speeds Rankin Trial; Six Testify

U u. u S 8 SPEEDS RANKIN TRIAL SIX TESTIFY Witnesses Tell of Stock SellOuts Sell Sell- Sell 4 Outs Court Hours j J Length Lengthened ned The government Thursday hurried prosecution of ot mail fraud charges against Lester L. L Rankin Bankin styled self stock tock broker and seven associates a In order that the case might be c corn com m. m pl Ud by May Federal Judge Tillman Oilman D. D Johnson has called a petit jury ury for service at Ogden Six witnesses who testified they had lad been sold out by the alleged bucket shop of ot Lester Rankin Co took ook the stand Thursday to testily testify to alleged irregularities in the operation of f the company Mrs Mrs J. J W. W McFall of Shoshone Idaho Ida- Ida ho ho 10 who said she took no notes of telephone telephone tele- tele phone hone conversations with a man who identified himself as Lester Rankin said aid Rankin told her she would net a profit of ot In two weeks if she would buy Brillo Manufacturing company company com corn pany stock Stock Began Beran to Drop When I told him I had no more mor money noney to invest she testified he told old me that profits from sales of stocks tocks I had previously pur purchased would serve to make the down payment payment pay pay- ment on the Brillo stock and that the thes s second ond and subsequent payments on the he stock could easily be ma made e with profits the stock would bring me Immediately after she bought the Brillo stock Mrs McFall testified it began egan to drop and Rankins Rankin's letter to her explaining why the stock was declining de- de dining clining is count No 10 in the indictment indictment indictment indict indict- ment against him and the other co- co defendants K Brant Woo Woodruff drutt Cincinnati clergyman testified that just a few days after he purchased the Brillo stock from Rankin he received a lett lettea letter let let- t tea ter I from the broker advising him th that t sale of the holdings would not net him lim 1000 he had bad requested Sted This leter let let- letter ter er is count No 7 in t the e indictment Trial 1 Hours Lengthened C. C E. E of Ogden testified that hat he did not authorize sales ales of his various stocks by Rankin When confronted confronted confronted con con- fronted with sales orders he said aid he had signed them a week after they were dated Other witnesses Thursday all offered offered of ot- similar testimony as to methods of operation of the company Other witnesses were Martin Lundeen of Portland Marie Mattison of ol Ogden Frank Frank- Frank Garrity Garrity of Eureka Eurek The rh prosecution Thursday announced an an- it had halt half completed present presentation presen presen- t tation of is its case Court began at a. a m. m Thursday y half ball an hour earlier than usual and will continue in session session ses ses- sion an hour later ea each h day in order I to speed the trial Judge J Johnson n said