March 6, 1908, Forrest City AR – In a shocking turn of events, James Fubseil, owner of W y Sanders DEALEBIN Dry Goods, has been accused of running a Ponzi scheme that has left many of Forrest City’s citizens reeling. According to sources, Fubseil’s store has been operating with false finances, convincing customers to invest in his business with promises of high returns. However, it appears that the business was on shaky ground, and Fubseil’s ‘honest merchandise’ was just a facade.
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Key Facts
- State: AR
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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