Courier-Post from Camden, New Jersey • Page 16

mains Hewlett's reason for con- drickson had made It good on his COUKIEI-OST, Comdtt, N. Thundoy, Nevmbr Je, 19S9 16 jtinuing with a theft which netted oil wells," Bevan adds. Knecht to Quit Posts In Cape May County Favor' Led To 3.7 Million Bank Fraud him no return, officials say. Bevan says this is perhaps the most logical explanation: "When a banker once gets himself out on a limb, he's stuck Cape May Court House, Nov. ,26 John J.

Knecht, traffic coordinator attached to the prose- cashier of the Long Branch National Bank, since merged with there." nearby vacant lot and shot himself in the heart. His note said the whole fantastic situation started when he carried "Johnnie" Hendrickson for a couple of outstanding checks. Authorities say Hewlett issued one unbacked cashier's check after another lo Hendrickson from Dec. 29, 195.1, on. Declared Bankrupt Hendrickson, father of seven who was declared bankrupt In 195ft, plunged the money into fruitless oil ventures and fur nace manufacturing plants, Assistant U.

S. Attorney Bruce A Bevan says. Hendrickson, of San Rafael, himself once told an Inquirer asking what he did with the money: "I wish I knew." He lived well, drove flashy cars, had a nice home and his own airplane, Bevan says, From all officials have learned, the banker never profiled from the embezzlement. "However, we don't know what would have happened if Hen Satisfied Them When bank examiners questioned Hewlett about the absence of funds on deposit covering cashier's checks, he satisfied them by explaining that funds were in transit. Last August Hendrickson agreed to a court judgment of $.1,700,000 against htm and agreed to turn over to the hank his various interests.

The biggest question still re resprrted banker Gcnrce A Hewlett is dead by his own hand. His friend, ex-plumber John R. Hendrickson, 4(1, was indicted by a Federal grand jury Wednesday on charges of conspiracy and defrauding a national bank. Hewlett, 40, was vice president I Ansrlos, Nov. 2R me trying to he bichcartod and doing a friend a favor Those words, scribbled on the bark of a piece of yellow accounting paper, give a clue to the beginning of what officials call one of tbe nation's bicgcsl bank The man who wrote them- lUHU a unite ami ut'JJUiy coordinator of Civil Defense, has announced he will resign both posts as of Dee.

31. Knecht, a former Philadelphia police inspector, said he plans to move to Florida. tho U. S. National Bank of San Diego.

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