"INVESTMENT" COMPANIES OF LAST FEW YEARS NETTED $10,162,000.
This is a sad, sad story, because it is an obituary, the death notice
of one of the meanest and most abominable frauds that has ever taken
the hoarded pennies of children and working girls, the "late lamented"
"turf syndicate."
Several years ago the turf syndicate was in its glory. A poor girl,
fresh from the old country, would scrub floors for a week or take in
washing for a month in order to pour money into the pockets of these
swindlers. Thanks to the efforts of Detective Clifton E. Wooldridge,
of Chicago, and others, this particular fraud is now a thing of the
past.
[Illustration: (Horses racing)]
But the enormity of this tremendous crime against the poor may be
appreciated from a study of the following figures.
Turf "investment" companies that have failed, absconded or have been
driven to the wall by prosecutions during the last few years and the
amount of money estimated to have been lost in the swindles give the
following astonishing record: