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Man reports purchase of false stock



Published: Thu, July 5, 2001 @ 12:00 a.m.



AUSTINTOWN -- A Mineral Ridge man contacted police here after learning he had purchased $1,000 in stock for a company that didn't exist.

The man said in April that a Marietta man called him and offered to sell $1,000 in stock in "Future Electric." The two closed the deal at a truck stop restaurant in Austintown.

The Mineral Ridge man later called a stock exchange broker to see how much the stock was worth. The broker told the man that the company didn't exist.




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