1948-2-29 BDE Tod Julius Lester Lehrenkrauss

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1948-2-29 BDE Tod Julius Lester Lehrenkrauss - of this being followed. the Governor's making...
of this being followed. the Governor's making no indicated would be few days posi known open to filed its State's new constitutional permits re to be in because it impossible perform duties. permits a to be con of the on his written the Appellate the Judicial executive New York referred to retirement as "al of the had lost operations totally he oper-j oper-j oper-j sight as arrived "unthinkable" facts to oppor Judge Taylor age while ex sympathy" Taylor's said it had conclusion the criminal was and im to attend SCION OF BORO BANKING FAMILY FOUND DEAD Signs of Poisoning Discovered in Body of Lester Lehrenkrctuss Circuit operations Brooklyn a five electric in the editions schedule and temporary Consoli went damage early-morning Johnson the Eagle reporters office about candlelight come into linotype that the but news and The first paper at 10:40 minutes were In' Zone corre radioed that Lester M. Lehrenkrauss, 48, last of the fabulous Brooklyn house of Lehrenkrauss, was believed believed last night to have committed committed suicide by drinking poison. His body was found at 4 p.m. yesterday in a room at the Hotel Prescott. 10 61st St., Manhattan. This was a long way from the pretentious sur roundings young Lehrenkrauss lived in at 19r Prospect Place when his father ran a multi million dollar banking, insur ance and shipping firm. An autopsy performed on the body showed possible signs of poison and officials planned further examination. Police said a note, addressed to a woman, was found in a book in the hotel room. A partially empty bottle of poison also was found in the room. Hart in Auto Accident In 1929, young lehrenkrauss was in an automobile accident j . auring wnicn, ne suffered a fractured skull. It was believed this had an adverse affect on him since that time. He was married twice and had two children by the first marriage. Following his father's death, the whereabouts of Lester Lester became a mystery. His father father died penniless and the son apparently was not provided for. The dead man's father. Julius Lehrenkrauss, a prominent Brooklyn banker for many years, was convicted of grand larceny in 1934 and sentenced to Sing Sing. Julius ran the business which his father had started some 70 years ago. It had become a re spectable financial citadel sup ported by the life savings of hundreds of Brooklvnites. Firm Failed in m , In 1933, apparently a victim of the depression, the house of Lehrenkrauss fell, winine out n one blow some $30,000,000 in investments. Subsequent court action showed that, during the three years immediately pre- pre- ceuing tne crash, the father, his son Lester, and his nephew Charles, earned a total of $233,-030. $233,-030. $233,-030. In 1934 Julius was brought to trial for grand larceny. The evidence disclosed a fantastic maze of financial manipulation by the Lehrenkrauss firm, dimea at stemming the approaching approaching collapse. The mis use of the company's assets re sulted in impoverishing scores of persons who had invested their total savings in the firm. Many of these victims testified against Julius during the trial. Julius was convicted of con verting a $32,000 mortgage after sale of the participating certificates. certificates. He was sentenced to five to ten years in Sing Sing, but iFit on parole in three years. He died in poverty on Dec. 1, 1940. Lester was involved in a mail fraud trial in 1935 with his father, then serving sentence. his cousin, Charles, and three other men. Lester was acquitted. acquitted. During this trial, further manipulation of millions of dol- dol- lars was revealed. L.-i L.-i L.-i i I f l ONCE birthday-it's By "A At ninnuay fourth mrtnciays, born on That company young Penzance," indentured his nurse, to a hearing. Rita's Emil, is the The Pirates," W. S. things "For he said, authority, Astronomer, although month a rule every reckoned was the Slight Rita's hand, February, (hp slnvk'a for him .... ...... such coln s day. revHe-by Mother Leaps Into Lake

Clipped from The Brooklyn Daily Eagle29 Feb 1948, SunPage 1

The Brooklyn Daily Eagle (Brooklyn, New York)29 Feb 1948, SunPage 1
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  • 1948-2-29 BDE Tod Julius Lester Lehrenkrauss

    LehrenkraussX – 25 Oct 2014

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