Salt Lake Telegram | 1936-05-04 | Page 1 | Fraud Charged to 4 and Bank

FRAUD RAUD CHARgED TO 4 AND BANK Price Treasurer Ex Is Named in Action Special to The he Telegram PRICE May 4 A 4 A former Price city treasurer a prominent Price physician two Provo bankers and their banking company are charged with conspiracy to defraud Price city of in a civil complaint filed in the district court at Price Monday The complaint was signed by City Attorney Frank B. B Hanson and the verification by Mayor J J. Bracken Lee R. R A. A Bryner former city treasurer treasurer treasurer treas treas- Dr Bliss L. L Finlayson Price physician The FarmerS and Merchants Merchants Mer Mer- chants bank Provo Alex Hedquist president of the bank and Victor J J. Bird cashier are charged with the conspiracy The National Surety corporation is named as tho the sixth defendant in the action as surety for Mr Bryner during his term of office The Tho complaint charges the was lost to the tho city during the redemption of in city paving paving paving ing District No 2 bonds which were owned by the estate of the late Dr F. F F. F Fisk Presentation of the bonds for payment was made on numerous occasions by agents for forthe the he estate but Mr Bryner as city treasurer did not redeem them the he complaint alleges It declares ho tho representatives of ot the estate offered offered of of- to accept less than ilian the tho face value of ot the bonds and accrued interest Acting upon his knowledge and promise with intent to cheat and defraud the city Mr Bryner Informed in informed informed in- in formed Dr Finlayson Mr Hedquist Mr Bird and arid the tho banking company that the bonds could be purchased I for less than par value alue the tho complaint complaint complaint com com- plaint charges I Using this knowledge the tho complaint complaint complaint com com- plaint said the tho defendants fraudulently fraudulently combined and conspired to purchase the bonds from the estate for 2600 2600 on Decem December ber 19 1935 Four days later the defendants are arc alleged to have presented presented pre pre- pre pre- the bonds for payment and the tho city redeemed the them at full value plus In accrued ed interest making payment to The Farmers and Merchants bank at Provo Prove to the amount of ot according to the complaint The city in its suit asks for tho the amount of the alleged loss plus interest interest interest in in- terest on the amount dated from December 23 1935