Swing (Jan-Dec 1945)

Record Details:

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SCHEMES TO TAKE YOUR MONEY 17 deliver the finished pictures after pay' ments have been secured in advance. The wife of a soldier who is overseas reported to the Better Business Bu' reau that she had been called upon by a photograph salesman who stated he had noticed the soldier's name in a list of men wounded in action. He said he was making a special price on enlargements to families of servicemen. After she had given a picture of her husband to the agent, she later learned she was required to buy a frame at a price high enough to have had the enlargement made at any photographic shop. Racketeers have post'war plans, too. While the Better Business Bureaus are building defenses against these anticipated promotions, the promoters are likewise building their fences on a gigantic scale to separate the unwary from their money. A real estate racketeer in an eastern city recently sent letters to Negro soldiers in the Pacific to interest them in buying lots in a proposed development for Negroes in New Jersey. The New Jersey Real Estate Licensing Bureau investigated it at the request of the Philadelphia Better Business Bureau. It found the property almost as bad as the jungles in which the men had been fighting. The racketeers were called off. One smoothie sold memberships in an "own-your-own-home" club for a $100 fee. He also got several veterans to make down payments on prefabricated houses. Investigations by the Better Business Bureau in Washington, D. C, finally led to this sharpster's arrest. A Florida concern interested a group of veterans in buying property in tung oil on the absentee farming basis. With discharge pay for service men and accumulated war bond holdings and provisions for veterans to receive business loans, a tremendous reservoir of investment money will be available and a fertile field afforded for financial and merchandise promoters to swindle the returning service men. The Better Business Bureaus have prepared a booklet, entitled, "Facts Veterans Should Know Before Starting a Business," which is being distributed free of charge to veterans. The public can be protected from rackets if they will only heed the advice of the Better Business Bureaus — "Before You Invest, Investigate." "Am I happy! A bundle of joy arrived at our house yesterday!" "Congratulations. Boy or girl?" "Neither one. Last month's laundry!" — from B y R 7<l,ews.