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TlH +e — ' . oor ower re 7 wwe one ar on ae’ et -_ . to . ‘. , ; 7 = a, 7 + aa ee aa ant ae o* o aT, woe a ts we it a i Vietor C. Stearns, end he immediately stated ‘that ‘be hea met euch oR me a man at Daytona Beach, Fla., during February ;° 1033. Phen asked - for the deteils of his acquaintanceship with Stearns, Mr. Pieper Pelated that he and his wife spent the winter of 1932-35 atthe < Breakers Hotel, Miami, Fla,, and during February, 1932, began | 3 . their return journay to Scarsdale, N.Y, He related that thay oo . stopped off at Daytona Beach for several days and while welking -“.: :*. .. on the beach, they were approached by a strenger who, after som = =°-" - | conversation, introduced himself under the name of McDaniel. St It was stated thet McDaniel introduced them to « second man shose name was not remenbered, and that eventuslly an introduction te | - _ Victor C. Stearns was brought about, During the cmversation . - * with these three men, the subject of thé stock market cane w- = a : and Stearns offered te take Pieper and bis wife toa brokerta © ~° -.t office where they could watch the boarde Several days wore. 80 72: spent in this way and during this time Stearns related that he was employed by a syndicate of race horee owners and at times received information regerding horses which enabled him to make = lerge winnings, “ - During the several days mentioned above, according to. ur, Pieper, Stearns placed sizeable beta at a place in Daytona 7 Beach which he called the Turf Club, and wa on practically every. ocession, Pieper atated that one aay. Stearns invited him to come...” _. to his room in a Daytona Beach hotel, | Pieper and his wife went to o , ... Stearns" room where McDaniel and the second man were also prosante woke? While in the room, Stearne, McDeniel and the third man placed a - Pe! $50,000.00 bet on a horse rece, McDantel taking the money to the Turf Clube Later in the day McDaniel returned and said that his | , horse hed won and thet the amunt of she ‘winnings wea , $800,000.00. a mo, While the group wes still in the room, the manager of, the. toe oF Turf Clud came in with a smell grip and turned over to Stearns . ak. that eas supposed. to be #500, 000400 in Qurrendye rear: “aga wae . "Stearns told Pieper thet be ‘haa a ‘oredit. ‘or identification - “card which enabled him to place bets at the Turf Club without 2). putting up cash, The group left the room and went to their Pe Fespective hotels, OU ua Pe a - On the next day, Stearns came to Pieper and told him that he hed o hot tip and wes going to bet $500,000.00 on a certain horse. Later on this day, Stearns approached Pieper again and told him that the horse had won and that amount of the winnings was one million dollara, He related that this time the manager of wo & «