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Convicted 'Boy Banker' Still in His Job as Bank Receiver Frank Karel, known as the boy banker of Berwyn, who was indicted last an charge and convicted of bribery two months ago,thas been serving throughout the full period as receiver a defunct state bank, it became known esterThe Frank Karel who was indicted federal grand jury on a charge embezzlement five days after the closing. of the First American National Trust company of Berwyn last June is same whom: State Auditor Oscar Nelson had appointed closed Lyons State bank at Lyons, III., one year earlier, it was learned. the federal action subsequent indictment in which Karel was charged with employing the funds to bribe thirteen Berwyn officials, he has continued to draw $150 month as receiver of the Lyons bank until now. Karel was found guilty the bribery charge Feb. 17 by Judge Philip L. Sullivan and is now appealing from the conviction. Bank President at 29. In 1328, at the age of 29 years, Karel president of the First National bank of Berwyn. When out lying banks began to grow shaky in 1931, Karel put merger involving his bank and two others, calling the merged institution the First American National Bank and Trust company. with himself as chairman of the board. On July 29. 1931. the Lyons bank closed listed sources of $399,234 and deposits of $243,402. hailed who was being as the vior of Berwyn was med as receiver and John S. O' Donell was appointed as his Just eleven months later, the First American National of Berwyn also closed. Within days national bank examiners uncovered evidence which resulted in Karel's indictment by the federal grand jury on charges of falsifying records and misappropriating $10,000. At the time Karel is reported to have stated publicly in Berwyn that he used the money to bribe Berwyn officials. Indicted for Bribing Officials. Byron Thorpe, former mayoriof Berwyn, demanded an investigation, as result of which Karel was indicted in the state courts for distributing the bribe among three aldermen, nine former aldermen and the former city attorney for the suburb. Two former aldermen turned state's evidence and are said to have testified that Karel distributed the money among the council members to pass an ordinance enabling the city rent for period of years the building which Karel's bank occupied before the merger, and finally to purchase the building for a city hall at price of $187,000. At the trial before Judge Sullivan, Karel declared the $10,0000 was contribution. One of the former aldermen, who had been promised immunity, surprised the state by corroborating Karel's story. Judge Sullivan rejected the explanation and found Karel At State Auditor Barrett's office yes. terday it was stated that Mr. Barrett was investigating the case.