1920s fraud

In the 1920s, financial fraud often involved schemes like stock manipulation, illegal lotteries, and fake investments. Con men and fraudsters exploited new technologies like stock markets and newspapers to deceive investors, promoting false promises of quick wealth. The era's lax regulations allowed them to inflate prices or sell nonexistent assets, leading to significant financial losses for many. These schemes highlighted the need for better oversight, eventually prompting reforms in securities laws and financial regulation to protect investors and maintain market integrity.