su its ▁to ▁recover ▁their ▁money , ▁and ▁T ucker ' s ▁stock ▁value ▁pl um met ed . ▁ ▁SE C ▁trial ▁and ▁dem ise ▁of ▁the ▁T ucker ▁Corporation ▁( 1 9 4 9 – 1 9 5 0 ) ▁In ▁ 1 9 4 9 , ▁T ucker ▁surrender ed ▁his ▁corpor ate ▁records ▁to ▁the ▁U . S . ▁Sec ur ities ▁and ▁Exchange ▁Commission . ▁United ▁States ▁Att orney ▁Otto ▁K erner , ▁Jr . ▁began ▁a ▁grand ▁j ury ▁investigation ▁in ▁February ▁ 1 9 4 9 . ▁ ▁On ▁March ▁ 3 , ▁ 1 9 4 9 , ▁a ▁federal ▁judge ▁handed ▁control ▁of ▁the ▁T ucker ▁Corporation ▁over ▁to ▁A aron ▁J . ▁Col non ▁and ▁John ▁H . ▁Sch atz . ▁ ▁So on ▁there after ▁on ▁June ▁ 1 0 , ▁ 1 9 4 9 , ▁T ucker ▁and ▁six ▁other ▁T ucker ▁Corporation ▁execut ives ▁were ▁ind icted ▁on ▁ 2 5 ▁counts ▁of ▁mail ▁fra ud , ▁ 5 ▁counts ▁of ▁viol ations ▁of ▁SE C ▁reg ulations ▁and ▁one ▁count ▁of ▁consp i racy ▁to ▁def ra ud . ▁ ▁The ▁ind ict ment ▁included ▁ 4 6 - year - old ▁T ucker , ▁Harold ▁A . ▁Kar sten , ▁ 5 8 , ▁" alias ▁A be ▁Kar atz "; ▁F loyd ▁D . ▁Cer f , ▁ 6 1 ▁( wh ose ▁firm ▁had ▁handled ▁the ▁stock ▁offering ); ▁Robert ▁Pier ce , ▁ 6