Telegram racket refers to a fraudulent possession of the money from a person’s trustee by trick and fraud. It consists in a fictitious and fake radiogram and telephone call.
In Cordovano v. State, 61 Ga. App. 590 (Ga. Ct. App. 1940), the court held, “in relationship to the money obtained by the trick or scheme or fraud in order to prevent the defendant from taking advantage of his own wrong, a naked, constructive, ex maleficio trust was imposed by operation of law, and the defendant became a trustee ex maleficio for the property in his hands, obtained by such fraud and trickery known as the "telegram racket."