A massive silver heist has left the nation stunned as the government seizes 14.9 million ounces of the precious metal under a little-known federal law. The silver was purchased at an alarming rate of $1 an ounce, sparking outrage among industry insiders. The heist, which began on January 1, 1921, and continued until March 24, 1921, saw the government amass a staggering haul at the University of Arizona’s vocational school, where silver was being stored. The total value of the seized silver is a whopping $72.5 million.
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Key Facts
- State: National
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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