Monday, December 20, 2010

Financial Scam Artists

The Devils of American Finance- Past and Present

1792: William Duer was America’s first major financial scam artist.

1869: Black Friday Gold Scandal
Trying to corner the gold market, speculators Jay Gould (pictured) and James Fisk cozied up to Ulysses S. Grant to convince the then-president not to sell America's gold.

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