#AceHistoryNews l have studied a lot about the history of the Stock Exchange and the bank of England frauds, as l have been involved in debt management services since the late 70’s #AcedebtNews
The Great Stock Exchange Fraud of 1814 was a hoax or fraud centered on false information about the then-ongoing Napoleonic Wars, affecting the London Stock Exchange in 1814.
The du Bourg Hoax
On the morning of Monday, 21 February 1814, a uniformed man posing as Colonel du Bourg, aide-du-camp to Lord Cathcart, arrived at the Ship Inn at Dover, England, bearing news that Napoleon I of France had been killed, and the Bourbons were victorious. Requesting that this information be relayed on to the Admiralty in London via semaphore telegraph, “Colonel du Bourg” proceeded on toward London, stopping at each inn on the way to spread the good news. At about noon, confirmation for the news of peace arrived in the form of another coach, which circulated throughout London, bearing three French officers who distributed leaflets celebrating the Bourbon victory.
Effects on the Stock Market
Rumors of Napoleon’s defeat had…
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