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Philip Arnold and John Slack: The Ultimate Scam. #snippetsofhistory #intriguinghistory #history
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In 1872, Philip Arnold and John Slack pulled off one of the most infamous scams in American history—The Great Diamond Hoax. Convincing wealthy investors, including prominent bankers and politicians, that they had discovered a massive diamond deposit in the American West, they orchestrated a brilliant con. Even Tiffany & Co. appraised the diamonds, adding credibility to the scheme. Investors poured in over half a million dollars. However, a government geologist soon revealed the truth: Arnold and Slack had planted the diamonds. This audacious scam left investors humiliated, while the con men walked away with a fortune.
Philip Arnold and John Slack: The Ultimate Scam. #snippetsofhistory #intriguinghistory #history
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