PRESTON TUCKER Not Guilty of Fraud 1948 Torpedo Sedan AUTOMOBILE 1950 Newspaper

Description: PRESTON TUCKER Not Guilty of Fraud 1948 Torpedo Sedan AUTOMOBILE 1950 Newspaper Offered is an original, historic, & collectible old newspaper: THE RUSSELL DAILY NEWS, Kansas, January 23, 1950 * Preston Tucker not guilty (1st report) * Automobile designer & entrepreneur * 1948 Tucker Sedan "Tucker Torpedo" fame The front page has a one column heading: "Tucker Will Try to Re-organize Firm" with subhead: "Accused Cleared Of Fraud Charges" (see) Four pages, a few larger size binding holes along the spine/1st column, otherwise nice. wikipedia notes: In 1949, Preston Tucker surrendered his corporate records to the U.S. Securities and Exchange Commission. United States Attorney Otto Kerner, Jr. began a grand jury investigation in February 1949. On March 3, 1949, a federal judge handed control of the Tucker Corporation over to Aaron J. Colnon an dJohn H. Schatz. Soon thereafter on June 10, 1949, Tucker and six other Tucker Corporation executives were indicted on 25 counts of mail fraud, five counts of violations of SEC regulations and one count of conspiracy to defraud. The indictment included 46-year-old Tucker, Harold A. Karsten, 58, "alias Abe Karatz"; Floyd D. Cerf, 61 (whose firm had handled the stock offering); Robert Pierce, 63; Fred Rockelman, 64; Mitchell W. Dulian, 50, Tucker sales manager; Otis Radford, 42, Tucker Corporation comptroller; and Cliff Knoble, 42, Tucker advertising manager. Tucker publicly called the charges "silly and ridiculous" and hailed the indictment as "an opportunity to explain our side of the story". Tucker and his colleagues' defense was handled by a team of attorneys led by William T. Kirby. On January 22, 1950, after 28 hours of deliberations, the jury returned a verdict of "not guilty" on all counts for all accused. Tucker had prevailed at the trial, but the Tucker Corporation, now without a factory, buried in debt, and faced with numerous lawsuits from Tucker dealers angry about the production delays, was no more. Please Note: All of our offerings are 100% authentic! We do not offer reprints or reproductions of any kind. They are guaranteed to be original! Links to Archival Storage Options & Certificates of Authenticity Are Below! Historical reports may be beautiful or ugly, but they are always informative. While we rejoice in the beautiful (heroic, discovery, amazing feats, etc.), we at Historys Newsstand also offer "the ugly" for we are determined to learn from the wrongs of the past - understanding, to do so, we must be willing to look these wrongs directly in the face and shout "NO MORE!". It is for this reason many Black Americans collect historic slave ads, Jews collect reports regarding the Holocaust, women collect coverage of the Womens Suffrage Movement, etc.. 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We have been both collectors and dealers in rare newspapers since 1975, serve as consultants to multiple museums, and are members of both the Ephemera Society of America and the American Antiquarian Society. Bid & Buy with confidence knowing every item we offer is guaranteed to be authentic. Timothy Hughes Rare Newspapers P.O. Box 3636 Williamsport, PA 17701-8636 Hours: M-F, 7:30-4:00 EST View our additional ebay offerings "...desiring to conduct ourselves honorably in all things." Hebrews 13:18 In an effort to honor eBays policies and our loyal customers who watch our listings, we do not end auction items early. We hope you understand! "Were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter." Thomas Jefferson

Price: 38 USD

Location: Williamsport, Pennsylvania

End Time: 2024-05-24T11:24:39.000Z

Shipping Cost: 10 USD