November 23, 1911 – In a shocking turn of events, the Idaho State Supreme Court has upheld the conviction of Leo Cramer, the vice president of the Idaho State Bank of Hailey, on charges of accepting a substantial loan from a financially strapped individual while knowing the bank was insolvent. Cramer’s conviction marks a major victory for Idaho authorities who had been investigating the bank’s dealings for over a year. The case, one of the most high-profile in Idaho’s history, began in 1910 when the state bank examiner and officials of the Blaine County sheriff’s office launched a probe into the bank’s practices. Their investigation revealed a web of deceit and corruption that led to charges against Cramer and several other high-ranking bank officials.
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Key Facts
- State: Idaho
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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