Word: frauds
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Dates: during 1920-1929
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...educated man runs to fraud," he once said, "while the uneducated person is more given to crimes of brutality and passion. The crime that interests me the most does not interest the public; for me, I love to unravel a really clever fraud...
...very clever fraud that first brought international recognition to Gaston Bayle, a stupid fraud that caused his death. Five years ago one Emil Fradin, a shrewd peasant lad, dug up a number of curiously inscribed brick and clay tablets in a field at Glozel, France. Immediately the "Glozel Finds" attracted world wide attention. French archeologists announced that they were important relics of the Stone Age, wrote monographs. British and French illustrated weeklies printed elaborate facsimiles of the Glozel tablets, compared them in importance to Egypt's Rosetta Stone, Britain's Piltdown skull. Gaston Bayle was not impressed. With...
...bankers transfer money, had written six coded wires, had fraudulently added the six Denver signatures. Banks customarily act upon these coded telegrams without checking back on them. Given a knowledge of the code and a willingness to misuse it, there was no great difficulty in working the $500,000 fraud. Sole precaution on the part of the defrauder was that the money should be collected before the trickery was discovered...
...while detectives were still searching for the missing banker, the half-million fraud produced another surprise. For what had Banker Waggoner done with his $495,000 drafts? Cashed them and gone to South America? Not at all. He had used the money to pay to other banks money which his Bank of Telluride owed them. He had robbed Peter (the six Manhattan banks) to pay Paul (three banks which were creditors of his bank).* Thus Waggoner had apparently not engineered his scheme for any personal profit, but had sacrificed himself for his bank, which for a long time had been...
...first sight it might seem that Mr. Waggoner had made an empty gesture, that so soon as the fraud was discovered the $500,000 would be returned. Unfortunately, however, no such simple solution appeared likely. For, fraudulent as the transaction undoubtedly was, its execution had been unquestionably legal. So soon as the Chase bank certified the drafts