ARANT, Circuit Judge.
In August, 1933, Albert Keniston sustained personal injuries alleged to have been caused by the negligent operation of a motor truck owned by Charles Heyde, insured by the Phœnix Indemnity Company, which ultimately paid Keniston $7,500 in settlement. Before Keniston was paid, however, Harry Neal Smith, an agent and adjuster for the Phœnix Company, fraudulently obtained $6,000, by collecting through appellee a draft he had drawn on...
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