Historical Events tagged with "fraud"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Politics & Government

Conviction of Whitewater Business Partners

May 28th, 1996 28 years ago

Jim McDougal and Susan McDougal, along with Arkansas Governor Jim Guy Tucker, were convicted of fraud related to the Whitewater land deal, a failed real estate venture from the 1970s. The convictions stemmed from financial improprieties uncovered during investigations, which were part of a larger scrutiny into the activities of then-President Bill Clinton and his previous business dealings. The Whitewater controversy had significant political implications, intensifying scrutiny of Clinton's administration and personal history.

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Economics & Industry

Collapse of United American Bank in Knoxville

February 14th, 1983 42 years ago

The United American Bank in Knoxville, Tennessee, collapsed due to allegations of fraud and financial mismanagement, leading to the arrest and conviction of its president, Jake Butcher. This event raised concerns about the banking system and regulatory oversight during the early 1980s banking crisis in the United States. Butcher's actions not only affected the bank's employees and customers but also drew significant media attention to banking practices of the time.

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Economics & Industry

Franklin National Bank collapses due to fraud

October 8th, 1974 50 years ago

Franklin National Bank in New York, once the largest bank failure in U.S. history, collapsed primarily due to fraudulent activities and mismanagement. The bank, founded in 1927, faced issues arising from speculative investments and questionable transactions. On October 7, 1974, the New York State Superintendent of Banks declared it insolvent, leading to its closure and a significant financial fallout for depositors and the banking sector. The aftermath heightened scrutiny of banking practices and regulations.

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Crime & Law

Court Declares Reavis's Barony Claim Fraudulent

June 28th, 1895 129 years ago

The United States Court of Private Land Claims ruled against James Reavis, declaring his claim to the Barony of Arizona as wholly fictitious and fraudulent. This decision stemmed from a series of legal battles surrounding land rights in Arizona, where Reavis had sought to validate a title which he claimed made him the baron of a vast area. The court's findings not only nullified his claim but also brought to light issues related to land fraud during this period.

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