[News Script: News brief -- fraud] Part: 1 of 2
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NEWS BRIEF -- FRAUD
MAN SITS DOWN
In Dallas, William "Doe" Estep posts bond on an
1l-count fraud indictment returned against him by
a federal grand jury. Estep, on the left, is
charged with five counts of mail fraud and six
counts of violating the Federal Securities act in
connection with the sale of stock in the Atomotor
Manufacturing Company, Incorporated.MED OF MAN
Estep's Attorney, IMMO Maury Hughes, says many of
the stockholders in Estep's company still have faith
in him despite the wording of the indictment which
says he represented the Atomotor as a "fuel-less,
self-energizing" motor that would be the next best
thing to perpetual motion. Estep today was arrested
in San Antonio on theft charges growing out of the
sale of a machine called the "Atromotrone", a device
he allegedly said would cure cancer and practicallyany other disease.
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WBAP-TV (Television station : Fort Worth, Tex.). [News Script: News brief -- fraud], item, January 26, 1954; (https://texashistory.unt.edu/ark:/67531/metadc725891/m1/1/?q=%22scams%22: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.