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Gould and Fisk hoped that befriending the President would get them privy information about the government's gold policy—and even prevent the sale of gold—and thereby manipulate the market. It did not work, being foiled by the government, yet resulted in a scandal that undermined both the credibility of Grant's presidency and the national ...
Fisk and Gould, who could afford to hire the best lawyers, were never held accountable for their profiteering, as favorable judges declined to prosecute. Gould remained a powerful force on Wall Street for the next 20 years. Fisk, who practiced a licentious lifestyle, was killed by a jealous rival on January 6, 1872. [16] Butterfield later resigned.
In September 1869, Fisk and Gould with an accomplice engaged in major manipulation of the gold market, triggering the Black Friday panic of 1869. After Fisk was murdered in 1872, Gould eventually gained the advantage in the conflict, but he had to relinquish control in 1872–73, following his loss of $1 million worth of Erie Railroad stock to ...
James Fisk Jr. (April 1, 1835 – January 7, 1872), known variously as "Big Jim", "Diamond Jim", and "Jubilee Jim" – was an American stockbroker and corporate executive who has been referred to as one of the "robber barons" of the Gilded Age.
Gould was born in Roxbury, New York, to Mary More (1798–1841) and John Burr Gould (1792–1866). [5] His maternal grandfather, Alexander T. More, was a businessman, and his great-grandfather, John More, was a Scottish immigrant who founded the town of Moresville, New York.
Keith Raniere, the ex-leader of NXIVM, was convicted in 2019 of seven counts that included racketeering, racketeering conspiracy, wire fraud conspiracy, forced labor conspiracy, sex trafficking ...
The league spent two years and about $22 million to prosecute the scandal, aided by issuing inaccurate, but damning, leaks to the media that wrecked Brady's and the Patriots' ability to defend ...
In 1870, Fisk and Gould betrayed Drew, manipulating the stock price of the Erie Railroad and causing him to lose $1.5 million [7]: 364–379 Fisk was killed in January 1872 by a jealous rival over a mistress; [8] Gould was later swindled out of $1,000,000 worth of Erie railroad stock and never controlled the Erie Railroad.