Peter McCoy
Peter F. McCoy | |
---|---|
Born | 1888 |
Died | July 18, 1958 New York City |
Nationality | American |
Alma mater | Columbia University, New York Law School |
Occupation | Attorney |
Political party | Republican |
Peter F. McCoy (1888 – 1958) was an American attorney based in New York City.
He resigned as assistant United States Attorney in 1925 and was appointed an assistant
Early life and education
Born in 1888, Peter J. McCoy graduated in 1908 from
Career
1910s–1923: Private practice and federal role
Early in his law career, he was first associated with the firm Eaton, Lewis & Rowe in New York. In 1921, he was named an assistant United States Attorney.[1] In 1922, he was briefly assigned to Ralph A. Day as personal counsel. Day at the time was the Federal prohibition director for the state of New York.[1] McCoy practiced law in New York at 342 Madison Avenue,[1] later renamed the Canadian Pacific Building.[2][3]
McCoy was "instrumental in breaking up the nation-wide blind pool," known as the participating syndicates in the "
1923–1925: Blind pool case
As an assistant United States Attorney General, McCoy was successful at prosecuting brokers for mail fraud.[1] Among other cases, he successfully prosecuted Austin H. Montgomery Jr. and others, who were charged with using blind pools operated by the Community Finance Corporation to defraud $3,000,000 through mail fraud.[1] Austin H. Montgomery Jr. and William L. Cunningham were charged in February 1923 for their connection with the bankrupt Community Finance Corporation.[6] Others indicted in the same case included John A. Berryman, for using the mails to defraud investors in connection with Fidelity Finance Company. For selling securities in a similar operation to Community Finance Corporation, Berryman surrendered to Peter J. McCoy in August 1923.[6] In September 1923, after being accused of a $6,000,000 blind pool deal concerning the Community Finance Corporation, Montgomery was found in Quebec, Canada.[7]
A fraud trial was ongoing as of March 1925.[8] In early May 1925, Austin H. Montgomery Jr. and L.H. Schwartz were put on trial on an indictment "charging fraudulent use of the mails in connection with the operation of a blind pool by the Community Finance Corporation." They were both convicted on April 2, 1925 in the blind pool case on each of 8 counts, with Montgomery sentenced to five years and Schwartz 18 months.[9] Eight people were indicted for mail fraud total on July 20, including Austin H. Montgomery Jr. of New York, by the Federal Grand Jury, after post office inspectors looked into the activities of Fidelity Finance Company. It had operated in New York, Baltimore, Wilmington in Delaware, Philadelphia, Washington, and York, Pennsylvania.[10]
1924–1926: Bucketshop case
With the New York Times proclaiming him a "foe of stock frauds," McCoy became known for conducting the "successful
Silkworth and others were then prosecuted by McCoy. After Silkworth and seven others were indicted in late May 1924 for connection with the bankruptcy of Raynor, Nicholas & Truesdell, Silkworth pleaded not guilty on May 29, 1924 while held on $8,500 on bail. Trial was set for August.
1925-1950s: Later cases and run for office
According to the New York Times, McCoy prosecuted many people who were accused of violating the Food and Drug Acts, selling narcotics, and counterfeiting.[1] McCoy also prosecuted those indicted in the Crager System, or "glass casket case," for "fraudulently using the mails in the sale of stock of the concern."[1] He resigned as assistant United States Attorney in 1925. A month later, McCoy was appointed an assistant United States Attorney General.[1]
McCoy became a member of the law firm Ferris, Shepard, Joyce & McCoy in 1926. The
Personal life
McCoy was a governor of the
See also
References
- ^ a b c d e f g h i j k l m n o p "Peter J. M'Coy, 70, Former U.S. Aide". The New York Times. New York City, New York. July 19, 1958. p. 15. Retrieved April 12, 2017.
- ^ Holusha, John (2005-10-26). "A New Face on Madison Avenue". New York Times. Retrieved 2009-09-05.
- ^ Emporis listing for 340 Madison Avenue
- ^ Mencken, Henry Louis; Markel, Howard; Oski, Frank A. (1990). The H.L. Mencken Baby Book: Comprising the Contents of H.L. Mencken's What You Ought to Know About Your Baby. Hanley & Belfus. p. 20
- ISBN 978-0-231-16484-9
- ^ a b "J.A. Berryman Surrenders". The New York Times. August 9, 1923. Retrieved May 23, 2017.
- ^ "Fugitive Financier Found; Montgomery, Accused in $6,000,000 Blind Pool Deal, Is In Quebec". The New York Times. September 19, 1923. Retrieved May 23, 2017.
- ^ "Lawyer Wife Defends Broker in Fraud Trial While Daughter Celebrates 12th Birthday". The New York Times. March 21, 1925. Retrieved May 23, 2017.
- ^ "Two Found Guilty in Blind Pool Case; Montgomery Sentenced to 5 Years on Each of 8 Counts – Schwartz Gets 18 Months". The New York Times. April 3, 1925. Retrieved May 23, 2017.
- ^ "ACCUSED OR MAIL FRAUD.; Baltimore Indictments Include One Against Austin H. Montgomery Jr". The New York Times. July 21, 1923. Retrieved May 23, 2017.
- ^ ISBN 9781893122482.
- ^ "Silkworth, Target of Censure, to Quite the Consolidated. New Exchange Committee May Demand President's Immediate Resignation". The New York Times. June 7, 1923. pp. 1, 2. Retrieved March 4, 2017.
- ^ "Silkworth Trial in August". May 30, 1924. Retrieved April 10, 2017.
- ^ a b "Silkworth Loses; Conviction Stands; Sentence of Former President of Consolidated Exchange for Fraud Is Affirmed. Ruling Covers 5 Others Found Guilty of Bucketing – Sixth Defendant Decided to Serve Term In Prison". The New York Times. New York City, New York. February 2, 1926. Retrieved April 12, 2017.
- ^ "Silkworth Again Held; Former Head of Consolidated Ex- change Accused in Theft.", The New York Times, New York City, p. 13, May 18, 1933, retrieved February 13, 2017
- ^ "Silkworth Quits Jail; May Become Realtors; Broker Says 'Persecution' for His Advocacy of Strauss Bill Caused Imprisonment". The New York Times. New York City, New York. September 7, 1926. p. 6. Retrieved April 12, 2017.
External links
- "Peter J. M'Coy, 70, Former U.S. Aide". The New York Times. New York City, New York. July 19, 1958. p. 15.