It was February 21st, 1929, in the nation’s capital, Washington D.C., where a peculiar crime unfolded. The city’s residents were in for a surprise as a local business, Foundation to Proof, announced a massive clearance sale. The store, located on F Street, was set to open its doors, but not for the usual reason. Instead of enticing customers with new products, they were offering ‘sharply reduced prices’ on ‘odd lots’ of merchandise.
The sale was a desperate attempt to ‘effect a clear B V ance’ of all unsold items. But what the public didn’t know was that this was more than just a simple business move. Insiders claimed that the store was trying to rid itself of substandard goods, some of which were so shoddy, they were practically worthless. The prices, ranging from 35 cents to $4.50, seemed too good to be true, and many wondered if this was just a clever ruse to get rid of products that would never sell.
As the doors opened, a swarm of bargain hunters poured in, eager to snag a deal. But amidst the chaos, questions swirled: was this a legitimate clearance sale or a cunning scheme to unload defective merchandise? Only time would tell if the store’s ‘sharply reduced prices’ would lead to a financial windfall or a disaster of epic proportions.
The main office of Foundation to Proof was located at 915 Fifteenth Street, while its other branches operated out of Camp Meigs and Grosners. The store’s manager, a man named J. L. B. Deliveries or Exchanges, seemed to be doing everything possible to make the sale a success, even offering deliveries and exchanges.
As the day drew to a close, one thing was certain: the people of Washington would be talking about this bizarre clearance sale for weeks to come. But would it be remembered as a savvy business move or a clever ruse? Only history would tell.
Related Federal Cases
- Off-Duty NYPD Officer Kills Man in Washington Heights · Washington
- Ramaswamy Snubs VP Slot, Wants to Build, Not Wait · Washington
- Ramaswamy: No VP Slot For Me · Washington
- Profits Down, Prices Cooling? The Greed Factor · Washington
- Ukraine Offensive Stalls: US Doubt Grows · Washington
Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
📬 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
