Twenty Years a Detective in the Wickedest City in the WorldWooldridge, Clifton R. (Clifton Rodman)
History
Twenty Years a Detective in the Wickedest City in the World
Wooldridge, Clifton R. (Clifton Rodman)
Crime -- Illinois -- Chicago; Police -- Illinois -- Chicago
Legitimate brokers do not resort to sensational advertising; they do
not guarantee profits; nor do they solicit funds to invest on their
judgment. The functions of a broker or commission merchant are to
receive and execute the order of his customers. When he offers to do
more (except in the way of giving market news, advice or conservative
opinions) he should be avoided. Promoters of pools and syndicates and
disseminators of advance information should be carefully avoided.
ON "SURE THINGS."
HOW TO LEARN THEIR REAL CHARACTER.
The cleverness and boldness with which the up-to-date investment
swindler plies his craft are almost incredible. Wherever you find a
fraudulent scheme you will find both of these elements present in
some degree--but the comparative proportion of one to the other is
generally determined by the element of time of operation.
For example, if the projectors of a scheme are old hands at the game
and have established records of the wrong sort, then the idea of quick
results is not only attractive, but often imperative. There are many
"old offenders" in the profession of investment swindling who have
been convicted and have "done time" in jails and penitentiaries, but
have not yet learned to prefer straight to crooked finance.
Men of this character realize that a "quick getaway" is a cardinal
essential of success; they must complete the transaction and get in
the harvest before there is time for the public to wake up and do any
investigating.
The length to which the bolder spirits in this class will go almost
surpasses credibility. Here is an example, discovered by Detective
Wooldridge of Chicago, of the tricks to which they will resort in
order to create the impression of having the backing of men or
institutions of strength and character:
Through introduction by social friends, the local representative of an
investment scheme was able to open a checking account with a banking
and trust company in a big city--a company of such high standing
that it is very widely known outside of financial circles and among
people of small means. Its endorsement was worth "ready money" to
any enterprise, and the fact was keenly appreciated by the "fiscal
agents" of the Brite & Fair Bonanza Company.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account