Show I USEI SWINDLERS USE BLIND POOL AS LURE FOR GASH CASH GASHI I I Five Are Close Closed d In in Single I Month but Others I Are in in Operation J I I I By fly EDWARD A A- A Chief Inc tor National Vigilance and Better Bustness I Bureau Dureau I for Eleven Yoses 51 ith Inspection Service NEW KEW IW YORK TORN rob Feb 3 Blind 3 1 very much akin to the notorious Pond Ponti Pon swindle WIndle still flourish In spite of ot the tho fiasco Md and Imprisonment Gullible people people'S are still being 7 S 'S j fleeced of millions by thin distinctive swindling ia j A A k blind pool Is Isi technically known as a II participating syndicate or dis pool Five such pools wora closed by the tie ittes In a single month Y Yet t other othere are now running in big E B bigE A bOH AB cities I know of o halt half a dozen In New NeVI York alone Three In Baltimore at one timo had no fewer than rs The branch office of ot another blind pool pool- pool which had ll five took branches took In InI I 1 in a single year The blind pool scheme Is this A firm advertises it Bill nih buy lY and sell any kinds of ot bonds on the tho partial pay pay- payment pay payment ment meat plan the customer dran dra drawing draIng Ing In- In Interest interest In Interest terest on the whole principal from the beginning Then the customers s are ro told that a quicker nay ay to make money is through tho the films film's ms m's syndicate nIGH HIGH DIVIDEND D u Prospective clients are assured ot cf from 20 per cent to per cent In yearlY dividends ls pa payable able monthly by an agreement to pay the tle firm 30 per cent on their profits and givIng giving ing the pool s II agents full right to trade with aith their money as the agents see fit tit fit The claim Is la made mado that hIgh class high securities are bought and sold and that big profits can an be made by form torm- forming forming ing a large pool and operating with witha a sum sufficiently large largo to direct the movement ot of important Issues on the tho stock exchange and on Inside IMide information Whether blind pool operators actually ac actually do any buying or selling Is I myStery They keep heep going by dis- dis distrIbuting dis distributing In dividends a small pet pet- pei ot of o the tho golden goldon flow low of ot money Into the tha office When something In- In in interferes with the enlistment ot of t fresh clients tho the dividends cease and the blind pool T proprietors fade away with the tho bulk built of ot the clients cash TOMORROW V TO Subscription nights Rights 00 |