George Graham Rice, a famous stock promoter, capitalized the stocks of Goldfield, Greenwater and Rawhide mines, listed them on the national exchanges, and reaped the profits until convicted of mail fraud in 1911. In 1907 when investors nation-wide were delirious over the stupendous rise in the market value of securities of Goldfield mining companies, the public clamored for opportunities to buy into Nevada mining stocks. With childlike faith they invested in Death Valley's Greenwater and also the Rawhide district, where several companies capitalized stocks, listed them on the national exchanges and had them underwritten by prominent brokerage houses. In Rice's own words: "I make a conservative statement when I say that the American public sank $30 million in Greenwater in less than four months . . . yet the suckers, . . were crying for more."
Posted By: Paul - Thu Oct 15, 2015 -
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Category: Crime, Frauds, Cons and Scams, 1900s, 1910s
Posted By: Paul - Wed Dec 31, 2014 -
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Category: Frauds, Cons and Scams, Inventions, 1950s, Cars
Posted By: Paul - Tue Nov 18, 2014 -
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Category: Cult Figures and Artifacts, Delusions, Fantasies and Other Tricks of the Imagination, Frauds, Cons and Scams, Spaceflight, Astronautics, and Astronomy, Superstition, Nineteenth Century
Posted By: Paul - Wed Oct 01, 2014 -
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Category: Frauds, Cons and Scams, Medicine, PSA’s, 1950s
Posted By: Alex - Fri Jul 19, 2013 -
Comments (9)
Category: Frauds, Cons and Scams
Posted By: Paul - Fri Feb 15, 2013 -
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Category: Crime, Death, Disasters, Frauds, Cons and Scams, Oceans and Maritime Pursuits, 1900s, 1910s, Gambling, Casinos, Lotteries and Other Games of Chance
Posted By: Paul - Tue Nov 27, 2012 -
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Category: Business, Advertising, Products, Frauds, Cons and Scams, Magazines, Sexuality, 1960s, Facial Hair
Posted By: Paul - Fri Oct 26, 2012 -
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Category: Fey, Twee, Whimsical, Naive and Sadsack, Frauds, Cons and Scams, New Age
Posted By: Paul - Wed Oct 10, 2012 -
Comments (7)
Category: Body, Bodybuilding, Body Modifications, Frauds, Cons and Scams, Self-help Schemes, 1900s
Posted By: Paul - Tue Jun 26, 2012 -
Comments (2)
Category: Frauds, Cons and Scams, New Age
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Alex Boese Alex is the creator and curator of the Museum of Hoaxes. He's also the author of various weird, non-fiction, science-themed books such as Elephants on Acid and Psychedelic Apes. Paul Di Filippo Paul has been paid to put weird ideas into fictional form for over thirty years, in his career as a noted science fiction writer. He has recently begun blogging on many curious topics with three fellow writers at The Inferior 4+1. Contact Us |