Table 23.-Indictments returned for violation of the Acts administered by the Commission, the mail fraud statute (sec. 338, title 18, U. S. C.), and other related Federal statutes (where the Commission took part in the investigation and development of the case) which were pending during the fiscal year ended June 30, 1942-Continued

Sec. 17 (a) (1) of 1933 Act, Sec.
338, Title 18, U. S. C.; and
conspiracy to violate these
statutes.

Seos. 17 (a) (1) and (2) of 1933
Act and conspiracy to violate this
statute.

Sec. 338, Title 18, U. S. C.; and
conspiracy to violate this statute.
Secs. 17 (a) (1) and 5 (a) (2) of
1933 Act, Sec. 338, Title 18,
U. S. C.; and conspiracy to
violate these statutes.
Secs. 17 (a) (1) and (2) of the
1933 Act, and Sec. 338, Title
18, U. S. C.

Status of case

On Jan. 12, 1942, all the defendants were
found guilty upon their pleas of nolo
contendere. Sentences were imposed as
follows: All defendants, except Central
Serities Corporation, 2 years' in-
priorment each, execution of sentence
suspended and defendants placed on pro-
bation for 4 years. Fines were imposed
as follows: Reil, $200; Dickmayer,
Conter and Central Securities Corpo-
ration, $5,000 each and one-third of
costs.
Pending.

On Mar. 16, 1942, Davidow was found
guilty and was sentenced to serve 2
years' imprisonment. Case pending as
to Melhuish.

After trial, the following defendants
were found guilty and sentenced as
follows: C. Franklin Davis, 1 year
and 1 day; Claude H. Carter, probation
for 3 years; Fred E. Bennett, 2 years;
and Charles E. Oldenburg, 1 year and
1 day. Justus Chancellor was found
not guilty. Indictment was dismissed
as to Danner, deceased.
On June 16, 1942, Dickey pleaded guilty
and was sentenced to serve 3 years.
After trial, the defendants were all
found guilty and sentenced as follows:
Amos Downs, 2 years; J. B. Henri, 1
year, which sentence was subsequently
changed to 2 years' probation and
$2,500 ine; G. A. Hawley, 18 months.
Pending appeal.

1 Parenthetical reference is to name under which investigation was carried prior to indictment.

Table 23.-Indictments returned for violation of the Acts administered by the Commission, the mail fraud statute (sec. 338, title 18, U. S. C.), and other related Federal statutes (where the Cossion took part in the investigation and development of the case) which were pending during the fiscal year ended June 30, 1942-Continued

Number
of de-
fendants

United States
District Court

Indictment
returned

2

Western District of
Oklahoma

Nov. 15, 1938

Eastern District of
New York

Νον. 19, 1941

Charges

Secs. 5 (a) (1) and (2) and 17 (a)
(1) and (2) of 1933 Act; Sec. 338,
Title 18, U. S. C.; and con-
spiracy to violate these statutes.

Sec. 17 (a) (1) of 1933 Aot, Sec.
338, Title 18, U. S. C.; and
conspiracy to violate these
statutes.

Sec. 17 (a) (1) of 1933 Act, Sec.
338, Title 18, U. S. C.; and
conspiracy to violate these
statutes.

Sec. 17 (a) (1) of 1933 Aot, Sec.
338, Title 18, U. S. C., and
conspiracy to violate these
statutes.

Status of case

Edwards was found guilty after plea of
nolo contendere and sentenced to 3
years' imprisonment. On appeal,
judgment was affirmed. The U. S.
Supreme Court, on a writ of certiorari,
remanded case to district court.
Edwards was subsequently found guilty
and sentenced for 5 years. Appeal
pending. Indictment as to Binger dis-
missed on motion of U. S. Attorney.
Pending.

Five defendants apprehended. Carmi A.
Thompson deceased June 22, 1942.
Pending.

Trial opened Nov. 8, 1940. Pitney
pleaded guilty after trial commenced.
Gaffeney, Jeffrey, Ware, White,
Bankers Industrial Service, Inc., and
Hiltz & Company, Inc., were found
guilty. Sentences ranged from a sus-
pended sentence to 3 years' imprison-
ment. The two corporations were each
fined $1.00 on each of 19 counts. On
Dec. 1, 1941, the Circuit Court of
Appeals for the Second Circuit affirmed
Judgment as to Medford H. White.
Trial opened June 9, 1941. Gantz was
found guilty and sentenced to 4 years!
imprisonment. On appeal, judgment
affirmed Apr. 28, 1942. Gantz has
filed petition for writ of certiorari.
After trial, Gates and Rice found
guilty as to certain counts. Manning
and Taylor pleaded nolo contendere to
the conspiracy count, and Carpenter,
Givens and Hallam pleaded guilty to
the same count. Sentences ranged from
a probationary sentence to 8 years!
imprisonment and $2,300 fine. Indiot-
ment dismissed as to Earl. Convictions
of Gates and Rice affirmed on appeal.
U. S. Supreme Court denied writ of
certiorari filed on behalf of Gates.

1 Parenthetical reference is to name under which investigation was carried prior to indictment.

1 Parenthetical reference is to name under which investigation was carried prior to indictment

Table 23.-Indictments returned for violation of the Aots administered by the Commission, the mail fraud statute (sec. 338, title 18, U. S. C.), and other related Federal statutes (where the Commission took part in the investigation and development of the case) which were pending during the fiscal year ended June 30, 1942-Continued

Secs. 17 (a) (1) and (2) of 1933
Aot, Seo. 338, Title 18, U. S. C.;
and conspiracy to violate these
statutes.

Sec. 17 (a) (1) of 1933 Act, and
Sec. 338, Title 18, U. s. C.

Sec. 17 (a) (1) of 1933 Act, Sec.
338, Title 18, U. S. C.

Secs. 17 (a) (1) and (2) of 1933
Act; Sec. 338, Title 18, U. S. C.;
and conspiracy to violate these
statutes.

Sec. 338, Title 18, U. S. C.,
and conspiracy to violate this
statute.

Sec. 24 of 1933 Act and conspiracy
to violate this statute.

Sec. 338, Title 18, U. S. C.; and
conspiracy to violate this
statute.

Sec. 17 (a) (1) of 1933 Act; Sec.
338, Title 18, U. S. C.; and
conspiracy to violate Sec. 338,
Title 18, U. S. C.

Pending.

Status of case

Hart pleaded nolo contendere and was sen-
tenced to 10 years' imprisonment, exeou-
tion of sentence suspended and placed on
probation for 10 years, on condition
that he refrain from all securities
activities for 10 years and that he make
restitution.

Harvey pleaded guilty, was sentenced to
5 years' imprisonment and fined $1,000;
Burr and Hedberg pleaded nolo contendere
and were sentenced to 1 year and 1 day,
and 3 years and $1,000 fine, respectively.
Burr's judgment subsequently modified to
$1,000 fine and costs and 2 years' pro-
bation provided fine and costs are paid
within 6 months. Carpenter and Reed
were acquitted. Jury disagreed as to
Horner and retrial ordered.

Before trial, Goldman and Haynes pleaded
nolo contendere and were sentenced to
15 months and 18 months' imprisonment,
respectively. After trial, Benners,
Wiseman and Wood pleaded nolo contendere;
Benners was sentenced to 4 years' in-
prisonment, Wiseman and Wood to 15 months,
each. Fraino surrendered Jan. 6, 1941,
and Brooks is a fugitive in Canada.
Pending.

1 Parenthetical reference is to name under which investigation was carried prior to indictment.

Table 23.-Indictments returned for violation of the Acts administered by the Commission, the mail fraud statute (sec. 338, title 18, U. S. C.), and other related Federal statutes (where the Commission took part in the investigation and development of the case) which were pending during the fiscal year ended June 30, 1942-Continued

Status of case

Trial opened Apr. 28, 1942, and on May 20,
1942, defendants were found guilty as
to various counts and sentenced as
follows: Henderson, 5 years' imprison-
ment and fined $6,002; Way, 2 years'
4mprisonment and fined $1,003; Robins,

years' imprisonment and fined $1,003.
Trial opened Feb. 6, 1941. After trial
commenced Barth, W. H. Gould, Gross,
Hill, Mott, Rose, Reinhardt, Schofs
and de Villiers pleaded guilty and
Harvey pleaded nolo contendere. Sen-
tences ranged from a suspended sen-
tence to 5 years' imprisonment. The
indictment was severed as to Lewis due
to illness. C. W. Gould has not been
apprehended. The indictment is pending
as to these 2 defendants.

Trial opened Nov. 6, 1940. Hopson was
found guilty and sentenced to 5 years'
imprisonment. Brownback and Travis
were acquitted. The indictment was
abated as to Burroughs.

All defendants were found guilty upon
their pleas of nolo contendere and were
sentenced as follows: Richmire, 90
days; Hull, 5 months; and Childress,
18 months to commence at the expiration
of 2 year sentence now being served by
him in the State Penitentiary at
Raiford, Florida.

The corporate defendants, Illinois Iowa
Power Co. and Missouri Power & Light
Co., entered pleas of guilty on Oct. 22,
1941, and each was fined $5,000. The
indictment was dismissed as to Morti
mer, Handley and Hall on Oct. 22, 1941.
A. G. Ilseng, A. G. Ilseng, Jr. and
L. McKercher were found guilty after
trial. On appeal, convictions were
affirmed but cause was remanded to trial
court for resentence of appellants and
for disposition on two counts. A. G.
Iseng and L. McKercher were resentenced
to 5 years in prison; A. G. seng, Jr.
was placed on 3 years' probation. Re-
maining counts of indictment dismissed.
Indictment was dismissed as to remaining
4 defendants.

1 Parenthetical reference is to name under which investigation was carried prior to indictment.