Show Fraudulent Bankruptcies Should Meet With Severe Severe Severe Se Se- vere Punishment By H H. SNOWDEN MARSHALL United States District Attorney For Far Southern District of New York I OST of the bankruptcies in M MOST New York are dishonest with perjury rampant State legislation is needed to supplement the federal statutes and to give the authorities further power to deal criminally with the prevalent fraud fraudin in bu business s failures failure There are very few bankruptcies in which charges charge of fraud are not made Of course in ome some of these cases casei the charges are made unfairly but in a shockingly large percentage percent percent- age fraud does exist t. I There is is a strikingly big number of OT complaints complaint in bankruptcies bankruptcies- I complaints complaint from the most re respectable ble hie sources Judges Judge in bankruptcy matter matters have been ending sending particularly particularly flagrant ca cases es es into my nt office ce of their own motion OF t. t I c I E AsEs CASKS riA HANK I nEF SO BA that it appears to me New York bankrupts have got the notion that the criminal l DI sections of or the bankruptcy laws luw were wert not made to he ht enforced d. d I r think we are UTe POW now beginning to have haveit it recognized that this thi notion is wrong WE ARE PROSECUTING FRAUDULENT FRAUDULENT FRAUD FRAUD- B BANKRUPTS S WHEREVER THE FRAUD IS IR SUSCEPTIBLE OF PROOF AND A JAIL SENTENCE HAS BEEN THE RESULT IN EVERY CASE THUS FAR JURIES ARE WAKING UP UP-TO UP TO THE IMPORTANCE TO THE BUSINESS COMMUNITY OF DEALING SEVERELY WITH FRAUDS OF THIS NATURE ON BUSINESS MEN |