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J. Lehrenkrauss Corporation
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J. Lehrenkrauss Corporation : ウィキペディア英語版
J. Lehrenkrauss Corporation

The J. Lehrenkrauss Corporation was a Brooklyn, New York based mortgage-servicing business which became insolvent in 1934.〔''12 Bid For Business of J. Lehrenkrauss'', New York Times, March 13, 1934, pg. 41.〕 Julius Lehrenkrauss, 67, the head of the firm, was convicted
of mail fraud in the sale of $1,600,000 of preferred stock on January 25, 1935. The company is noteworthy because of the crimes it committed. Also, its failure happened during the Great Depression, when credit lending agencies were strained due to deflation and a weak
economy in the United States in the early 1930s.
Government prosecutors alleged that the business was bankrupt in 1932 and 1933, at the time the stock was sold.〔''Three Convicted In $1,600,000 Fraud'', New York Times, January 26, 1935,
pg. 36.〕 Lehrenkrauss received a suspended sentence because of his advanced age. Two partners and a former salesman for the firm were given active prison terms.〔''Three Are Sentenced In Mail-Fraud Case'', New York Times, January 29, 1935, pg. 42.〕
J. Lehrenkrauss & Sons, a banking and brokerage enterprise, was a subsidiary of the J. Lehrenkrauss Corporation. It was located at 359 Fulton Street (Brooklyn) in December 1933.〔''Newspaper Specials'' , Wall Street Journal, December 28, 1933, pg. 3.〕
==References==


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