“Zakoors Face Charges Involving $100,000 in Exchange,” Windsor Star. October 9, 1942. Page 5. ---- Transactions Of Brothers To Be Aired ---- Foreign Exchange Board Names Two Chatham Fruit Dealers as Co-defendants --- Alleged illegal security transactions and alleged improper disposition of funds obtained through their Detroit broker have resulted in three separate charges being laid against Richard Zakoor and George Zakoor, bachelor brothers, both of Chatham, under the regulations of the Foreign Exchange Control Board, officials of the board announced yesterday.
The two brothers, said to be the biggest wholesale dealers in fruits and vegetables in Southwestern Ontario, face charges involving exchange approximating in the vicinity of $100,-000, officials of the board intimated.
DATED SINCE 1940 Foreign Exchange Control Board officials in Windsor said the case was one which had held the attention of control board men since Iast January, and that it was one of the biggest charges laid by the board in this district to date.
Specifically, each of the Zakoor brothers are charged with these offences:
Failure to declare foreign exchange at Chatham between the period December 16, 1940, and December 31 1941; and also, between the period September 16, 1939, and December 15 1940.
Unlawful borrowing of foreign exchange, between January 4. 1940, and December 15, 1940; and between December 16. 1940. and December 31 1941.
Unlawfully dealing in foreign exchange between September 16, 1939 and December 15, 1940; and December 16, 1940, and December 31, 1941.
HEARING WITHIN WEEK S. L. Springsteen. K.C.. Windsor, is counsel representing the Zakoor brothers in this, one of the biggest foreign exchange control board prosecutions yet registered in this territory.
J. A. McNevin. K.C., Chatham, has been appointed by the attorney-general's department as special prosecutor for the board in the hearing of the charges, which may take place within the next week.