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Show I HUGE SWINDLE 1 CASE REVEALED Poor and Ignorant Cheated Out of $1,000,000, Says Postal Inspector NEW TORK. Sept. 0. Dr. Leon-I ojrd Hlrshberg, a partner In the firm1 ..f Wlnthrop Smith and company, brokers, was releaaed In 16,000 ball, by United States Commissioner Hltch-COCk Hltch-COCk today pending a hearing on the charge, of having with his partner, William Wlnthrop Smith, used the IhailS to defraud. Festal Inspectors describe the scheme by whb h Dr. Hlrshberg Is alleged to have swindled victims of more than $1,000,0(0, us similar to that used by Charles Ponsi, In Bo ton. Postal Inspector Doran declared that the August statement of the company Showed a profit uf 141,610 and a liability lia-bility of more thun 21, 000. 000. More than 66 per cent of the Investors, he ald, wore poor. Ignorant people, who knew nothing of stock speculation, . Attorneys for the firm of Wlnthrop Smith and company, denied the allegations alle-gations and said the company had met all demands made upon it. |