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“vanguard’s” Investigation Clears Judea Companies

December 23, 1929
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Summarizing its investigation of the affairs of the Judea Industrial Corporation and the Judea Life Insurance Co., the “Vanguard” of December finds that there is no basis for the charges. For the purposes of its investigation, the “Vanguard” had engaged an auditor. Louis P. Galenson.

“The allegations that the officers and directors entered into a conspiracy with the managing director to make private gains, secret profits, and to manipulate the market, are found to be entirely unjustified,” says the “Vanguard,” editorially.

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