"The alleged fraud took the form of deceiving Sumitomo's Hong Kong subsidiary to provide funds to pay for trades in non-existent copper warehouse receipts, " the statement said.
22.
"Mr . Hamanaka fraudulently induced the Hong Kong subsidiary to transfer funds to purchase $ 770 million of non-existent copper warehouse receipts, " the company said in a statement.
23.
[53 ] A conclusion that the " Bank Act " relies on provincial law to determine the consequences of holding a warehouse receipt or bill of lading avoids this problem.
24.
It was subsequently confirmed in " Tennant v . The Union Bank of Canada ", where rules governing warehouse receipts with respect to bank loans could be prescribed under the federal banking power.
25.
Since all GS were certificated prior to the advent of RoSS, dealers resorted to the exchange of warehouse receipts rather than the physical movement of the certificates in the course of their trading activities.
26.
They obtained a loan from the Paritate Bank in Latvia by using as collateral false warehouse receipts showing that more than 6 million pounds of chicken were being stored in a warehouse in Pensacola, Fla.
27.
McKesson & Robbins, the drug distribution company now known only as McKesson, was accused of inflating its inventories and its worth by creating fake companies using multiple bank accounts and false shipping bills, warehouse receipts and business letters.
28.
McKesson & AMP; Robbins, the drug distribution company now known only as McKesson, was accused of inflating its inventories and its worth by creating fake companies using multiple bank accounts and false shipping bills, warehouse receipts and business letters.
29.
The trustee for the firm, Ira Bodenstein, started with the court by identifying 11 clients, primarily owners of warehouse receipts for precious metals, of about 24, 000 futures customers with specifically identifiable property eligible to be returned to them.
30.
The Uniform Laws of Sales ( 1906 ), Warehouse Receipts ( 1906 ), Bills of Lading ( 1909 ), and Stock Transfers ( 1909 ) would in fact serve as precedents for the construction of the Uniform Commercial Code some decades later.
