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Peter McCoy AI simulator
(@Peter McCoy_simulator)
Hub AI
Peter McCoy AI simulator
(@Peter McCoy_simulator)
Peter McCoy
Peter F. McCoy (1888 – 1958) was an American attorney based in New York City. Practicing law in New York at 342 Madison Avenue, McCoy started his legal career with Eaton, Lewis & Rowe before becoming an assistant United States Attorney in 1921. As an assistant United States Attorney General, McCoy was successful at prosecuting high-profile brokers for mail fraud and bucket shops in the early 1920s, with the New York Times proclaiming him a "foe of stock frauds." He also prosecuted people for violating the Food and Drug Acts, selling narcotics, and counterfeiting.
He resigned as assistant United States Attorney in 1925 and was appointed an assistant United States Attorney General. McCoy became a member of the law firm Ferris, Shepard, Joyce & McCoy in 1926. In 1929, he unsuccessfully bid as a Republican – Fusion candidate for Justice of the Supreme Court, First Judicial District. He was a governor of the New York Athletic Club and the National Republican Club.
Born in 1888, Peter J. McCoy graduated in 1908 from Columbia University. He graduated from the New York Law School in 1912. He served in the Aviation Section of the Army Signal Corps in World War I.
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. 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. McCoy practiced law in New York at 342 Madison Avenue, later renamed the Canadian Pacific Building.
McCoy was "instrumental in breaking up the nation-wide blind pool," known as the participating syndicates in the "Ponzi System," when he prosecuted Leonard K. Hirshberg and members of the Winthrop Smith Company, leading to indictments. In September 1922 Hirshberg was convicted of defrauding investors in a mail fraud investment scam of one millions dollars.
As an assistant United States Attorney General, McCoy was successful at prosecuting brokers for mail fraud. 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. Austin H. Montgomery Jr. and William L. Cunningham were charged in February 1923 for their connection with the bankrupt Community Finance Corporation. 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. 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.
A fraud trial was ongoing as of March 1925. 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. 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.
With the New York Times proclaiming him a "foe of stock frauds," McCoy became known for conducting the "successful bucket shop investigation of 1924," wherein he prosecuted New York stockbroker William S. Silkworth, members of the firm Raynor, Nicholas & Truesdell, and others for operating bucketshops and bucketing. The case was instigated by events starting in February 1922, when the Consolidated Stock Exchange of New York was hit "without warning" with several brokerage and firm failures, followed by more failures in late February 1922 and mid-July 1922, shocking the industry. In July 1922, Consolidated president Silkworth conceded that some Consolidated brokers were corrupt, with reforms underway to clear the exchange of them. Others accused him of misusing the rescue fund from February, which Silkworth denied. Shortly afterwards, the assembly passed the Martin Act, which essentially banned bucketshops. Working out of the Anti-Fraud Bureau on the issue, Albert Ottinger started an investigation into the failures in earnest in late May 1923. Silkworth testified the following month, and although Assistant Attorney General William F. McKenna failed to implicate Silkworth in the Fuller bankruptcy, he did uncover irregularities in Silkworth's personal finances.
Peter McCoy
Peter F. McCoy (1888 – 1958) was an American attorney based in New York City. Practicing law in New York at 342 Madison Avenue, McCoy started his legal career with Eaton, Lewis & Rowe before becoming an assistant United States Attorney in 1921. As an assistant United States Attorney General, McCoy was successful at prosecuting high-profile brokers for mail fraud and bucket shops in the early 1920s, with the New York Times proclaiming him a "foe of stock frauds." He also prosecuted people for violating the Food and Drug Acts, selling narcotics, and counterfeiting.
He resigned as assistant United States Attorney in 1925 and was appointed an assistant United States Attorney General. McCoy became a member of the law firm Ferris, Shepard, Joyce & McCoy in 1926. In 1929, he unsuccessfully bid as a Republican – Fusion candidate for Justice of the Supreme Court, First Judicial District. He was a governor of the New York Athletic Club and the National Republican Club.
Born in 1888, Peter J. McCoy graduated in 1908 from Columbia University. He graduated from the New York Law School in 1912. He served in the Aviation Section of the Army Signal Corps in World War I.
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. 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. McCoy practiced law in New York at 342 Madison Avenue, later renamed the Canadian Pacific Building.
McCoy was "instrumental in breaking up the nation-wide blind pool," known as the participating syndicates in the "Ponzi System," when he prosecuted Leonard K. Hirshberg and members of the Winthrop Smith Company, leading to indictments. In September 1922 Hirshberg was convicted of defrauding investors in a mail fraud investment scam of one millions dollars.
As an assistant United States Attorney General, McCoy was successful at prosecuting brokers for mail fraud. 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. Austin H. Montgomery Jr. and William L. Cunningham were charged in February 1923 for their connection with the bankrupt Community Finance Corporation. 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. 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.
A fraud trial was ongoing as of March 1925. 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. 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.
With the New York Times proclaiming him a "foe of stock frauds," McCoy became known for conducting the "successful bucket shop investigation of 1924," wherein he prosecuted New York stockbroker William S. Silkworth, members of the firm Raynor, Nicholas & Truesdell, and others for operating bucketshops and bucketing. The case was instigated by events starting in February 1922, when the Consolidated Stock Exchange of New York was hit "without warning" with several brokerage and firm failures, followed by more failures in late February 1922 and mid-July 1922, shocking the industry. In July 1922, Consolidated president Silkworth conceded that some Consolidated brokers were corrupt, with reforms underway to clear the exchange of them. Others accused him of misusing the rescue fund from February, which Silkworth denied. Shortly afterwards, the assembly passed the Martin Act, which essentially banned bucketshops. Working out of the Anti-Fraud Bureau on the issue, Albert Ottinger started an investigation into the failures in earnest in late May 1923. Silkworth testified the following month, and although Assistant Attorney General William F. McKenna failed to implicate Silkworth in the Fuller bankruptcy, he did uncover irregularities in Silkworth's personal finances.