Salt Lake Telegram | 1908-03-24 | Page 7 | Waiter Dabbles in High Finance

WAITER DABBLES IN HIGH FINANCE I PARIS P March 24 A 24 A sensation has j i been caused by the arrest hero bero yesterday afternoon of Henri Rochette on tho the char charge e of of conducting successful swindles on an enormous scale Ro Ro- Ghetto chetto was at ono time timo a waiter in an obscure French town Ho He came to Paris to seek seck his bis fortune in which he Le was eminently successful so 80 lou long ashe as ashe ashe he could keep out of the clutches of the law Jaw He founded the French French- Spanish bank and floated not le less s than thana a dozen mining enterprises in which ho was a d director and aud whose stock was eagerly purchased by French investors It now DOW develops that his methods were fraudulent and the complaint against him alleges es that ho has stolen I over through the medium ot of his various companies and 1111 societies He lie is compared to tho the tho celebrated Mme lime Humbert but with the difference that while Mme me Humbert borrowed money rooneY in in iu order to pay interest on previous pro loans Rochette wor worked ed by continually or organizing new companies and issuing new stock It is charged that he manipulated tho the assets assets of his companies by means weans of false balance c sheets Coincident with Rochette's Rochettes arrest the quotations on tho the stock companies in ill which he was as interested experienced a heavy decline The rho mines promoted by Rochette mo mostly th of coa coal and copper were in Spain Ilia his capitalization aggregated lC more moro than Sixty branches of his called so-called enterprises were cro strung I through France