Forbes: A Vast Fraud In 1870s London Has Much To Teach Us
By SIMON CONSTABLE
Back in the 19th century some American scoundrels mounted a vast fraud on "The Old Lady of Threadneedle Street," as the Bank of England is known. They passed off millions of dollars of fake financial instruments as real to the country's central bank. The rough equivalent now would be to successfully pull off an enormous financial heist on the Federal Reserve. The period in which this happened was also one of great financial innovation and that matter should be notable to investors now. Nicolas Booth ably recounts the tale in his recently published book, Thieves Of Threadneedle Street. Read more here.