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Salt Lake Telegram | 1939-08-28 | Page 3 | Fraud Bared by Dies Probe

Type issue
Date 1939-08-28
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Rights No Copyright - United States (NoC-US)
Publisher Digitized by J. Willard Marriott Library, University of Utah
ARK ark:/87278/s6pk1q9p
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6pk1q9p

Page Metadata

Article Title Fraud Bared by Dies Probe
Type article
Date 1939-08-28
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Page 3
OCR Text FRAUD BARED BY DY DIES PROBE WASHINGTON Aug 28 INS INS INS- The Dies committee today was told bank records show that William Wil Wil- liam Dudley Pelley leader of the Silver Shirts bankrupted a publishing publishing pub pub- lishing corporation which he operated operated oper oper- by diverting to his own personal account and to the account of another corporation which he founded The testimony was given by Robert Rob Rob- ert B B. B Barker committee investigator Investigator gator who said that he had spent the past three months attempting to unravel a maze of corporations and bank accounts maintained by Pelley in connection with his anti- anti Semitic activities Press' Press The corporation bankrupted was called Press ress which operated operated op op- from 1930 to 1932 as the publisher of Pelley's Semitic anti-Semitic I magazine Liberation Barker I said Although the corporations corporation's revenUe revenue reve reve- nue totaled in excess of ot claims of creditors totalling and those of preferred stockholders who had invested were settled for 1300 after the corporation corporation cor cor- had been declared bankrupt bankrupt bank bank- rupt in 1934 according to Barker Records of ot one New York bank two Washington banks and one in Asheville N. N C. C were put before the committee by its investigator Also involved with the operations of Press were the League for Liberation and the Foundation for Christian Economics two Other ther Pelley organizations Barker said All AU records of Press the league and the foundation were burned by Pelley in 1934 prior to bankruptcy proceedings Barker said court records showed Pelley was subsequently prosecuted ed on criminal charges under North Carolina blue sky laws Jaws but no charges were ever brought concerning concerning con con- the diversion of funds the investigator testified Pelley Convicted Pelley was convicted in 1935 of violation of the securities act and is now on probation under a suspended suspended sus sus- five year prison sentence All AU Pelley's property was seized by the United States marshal in 1934 to satisfy creditors but a year later Pelley set up a new corporate corporate cor cor- structure which is operatIng operating ing at the present time as follows Silver Shirt Legion of America which Pelley heads Liberation Magazine the legions legion's organ Pelley Pelley Pelley Pel- Pel ley Publishers publishers of the magazine Skyland Press Inc the name in which all aU Felly Pelly funds are deposited Foundation Fellowship the name in which all aU express mailing is done Little Visits the name in which all first-class first mailing mailing mail mail- ing is done and Pelley Publishers ers building the name on the front of ot a brick building which houses all U the operations but which is owned in the name of William Dudley Pelley
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6pk1q9p/16615907