National Surety Co. v. Perth Amboy Trust Co.

WOOLLEY, Circuit Judge.

Peterson, an agent of the Metropolitan Life Insurance Company, swindled that company out of a large sum of money of which only a part is here involved. So far as this case is concerned, he did it in this way: Representing the Insurance Company in soliciting life insurance and delivering checks in paying insurance claims and having access to its papers- and forms,, Peterson fabricated applications and obtained policies upon the lives of thirteen fictitious persons and upon the lives of four real persons who knew nothing about it. He paid the premiums. Then, from time to…