San Francisco, November 16, 1880 – The streets of California’s financial hub were abuzz yesterday with the news that the Oro Mining Company had levied an assessment of 10 cents per share on its stockholders. But what seemed like a routine business move on the surface had a far more sinister undertone. Sources close to the matter have revealed that the company’s move was a thinly veiled attempt to line the pockets of its wealthy investors at the expense of its less fortunate shareholders.
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Key Facts
- State: California
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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