Faroll v. National Surety Corp.
New York Supreme Court
1Opinion of the CourtMatthew M. Levy, J.
The substance of the complaint follows:
Joseph Faroll & Co. (to whose interests the plaintiffs succeeded, and who will be called plaintiffs hereinafter) were stockbrokers. Their address was New York City. In 1956, one Albert J. Gould of Toronto, Canada, posing as a reputable and financially responsible businessman, caused himself to be presented to the plaintiffs. In order to gain their trust and confidence, Gould introduced to the plaintiffs several persons who executed some minor transactions and.promptly met their obligations. During May and June, 1957, Gould obtained from the president and…
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