Beschreibung American El Dorado: The Great Diamond Hoax of 1872. Long before Charles Ponzi's name was permanently attached to the word Âscheme and a hundred years before Bernie Madoff mastered the investment con, Kentuckian Philip Arnold put together a plan which, like none before, would bilk rich (and greedy) investors with a Âsting entirely befitting America's still-wild West. Not content with simply swindling some of the country's brightest luminaries, politicians and high-profile celebrities of the day, Arnold did so in grand style, making himself and his story the subject of nation-wide headlines.Award winning author Ron Elliott takes the reader behind the scenes of this little known and almost too fantastic to be true scam, and reveals how a fake diamond mine induced investors to heap a fortune on its perpetrator and describes his inevitable downfall.In the years following the discovery of gold at Sutter's Mill in 1848, which led to the California Gold Rush and Nevada's silver Comstock Lode in 1859, the largely unexplored American West was prime territory for the next discovery of untold treasure. So, in 1872 when news of a newly found diamond mine swept the nation, many people were eager to join in the quest for fortune.American El Dorado is the true story of how Philip Arnold and John Slack, cousins from Kentucky, convinced some of America's most notable citizens to invest in their discovery of an untouched field of precious stones in an unspecified Western location. So convincing was the scheme that even America's most famous jeweler, Charles Lewis Tiffany, was taken in. The con game made the pair rich  until the fraud was eventually revealed.American El Dorado is a story of the lust for riches and the consequences of greed; a cautionary tale which proves that things which seem to be too good to be true usually are.
American El Dorado: The Great Diamond Hoax of 1872: Ron ~ I'd never heard of the great diamond hoax of 1872 until I picked up this book. It's not a classroom textbook that merely states facts, but rather a historical fiction novel that takes you back in time to 1872 from Kentucky to California. At first, it seemed like there were too many loose ends, yet he ties it all up in the end. For all of you history buffs, he even cites his sources at the back .
American El Dorado : the great diamond hoax of 1872 (Book ~ Get this from a library! American El Dorado : the great diamond hoax of 1872. [Ron Elliott] -- "Long before Charles Ponzi's name was permanently attached to the word "scheme" and a hundred years before Bernie Madoff mastered the investment con, Kentuckian Philip Arnold put together a plan .
Book Review: American El Dorado, by Ron Elliott ~ American El Dorado: The Great Diamond Hoax of 1872, by Ron Elliott, Acclaim Press, Morley, Mo., 2013, $24.95. With the help of a cousin, Philip Arnold pulled a con (eat your heart out Soapy Smith, who never came up with anything this big) on some of the richest financiers in San Francisco.
Free Download: American El Dorado: The Great Diamond Hoax ~ American El Dorado: The Great Diamond Hoax of 1872 by Ron Elliott accessibility Books LIbrary as well as its powerful features, including thousands and thousands of title from favorite author, along with the capability to read or download hundreds of boos on your pc or smartphone in minutes.
The Great Diamond Hoax of 1872 - HistoryNet ~ For further reading try American El Dorado: The Great Diamond Hoax of 1872 (2012), by Ron Elliott, who was kind enough to review this article and whose book (which presents the facts of the convincing scheme while employing made-up dialogue) is reviewed in this issue (P. 69); and The Great Diamond Hoax (1913), by Asbury Harpending,edited by James H.Wilkins, which, Koster says, âprovides .
General Mining Act of 1872 - Wikipedia ~ This price set by law has remained the same since 1872. Investors in an alleged diamond deposit in the western United States that became known as the Diamond Hoax of 1872 paid Benjamin F. Butler for amending the General Mining Act of 1872 to include the terms "valuable mineral deposits" in order to allow legal mining claims in the diamond fields.: 36â37. Volume and worth. The Mineral Policy .
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William Chapman Ralston - Wikipedia ~ He was also involved in Philip Arnold's diamond-mining hoax of 1872. [citation needed] The collapse of his financial empire In 1875, his financial empire collapsed as a result of the combination of the expense of building the Palace Hotel, the failure of his attempt to buy and then resell the Spring Valley Water Company, the after-effects of the Panic of 1873, and a crash in the stock value of .
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