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Stock Exchange Forgery 1872–73
The Stock Exchange forgery was a fraud perpetrated at the London Stock Exchange during the years 1872 to 1873. It involved forged postage stamps that were applied to telegraph forms and it was only detected over 25 years later. Description of the fraud In 1870, the telegraph systems of the United Kingdom were nationalised and run by the Post Office. The development of the telegraph systems had been of great benefit to the Stock Exchange as stock prices could be quickly communicated. If those working at the Stock Exchange wanted to send a telegram they would, if they followed usual procedure, write their message on a telegram form and take it with payment of one shilling The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence o ... or more to a clerk who would then give them a 1 shilling gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1872 Stock Exchange Forgery 1s Green Pl
Year 187 ( CLXXXVII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Quintius and Aelianus (or, less frequently, year 940 ''Ab urbe condita''). The denomination 187 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Septimius Severus marries Julia Domna (age 17), a Syrian princess, at Lugdunum (modern-day Lyon). She is the youngest daughter of high-priest Julius Bassianus – a descendant of the Royal House of Emesa. Her elder sister is Julia Maesa. * Clodius Albinus defeats the Chatti, a highly organized German tribe that controlled the area that includes the Black Forest. By topic Religion * Olympianus succeeds Pertinax as bishop of Byzantium (until 198). Births * Cao Pi, Chinese emperor of the Cao Wei st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrical Telegraph
Electrical telegraphs were point-to-point text messaging systems, primarily used from the 1840s until the late 20th century. It was the first electrical telecommunications system and the most widely used of a number of early messaging systems called ''telegraphs'', that were devised to communicate text messages quicker than physical transportation. Electrical telegraphy can be considered to be the first example of electrical engineering. Text telegraphy consisted of two or more geographically separated stations, called telegraph offices. The offices were connected by wires, usually supported overhead on utility poles. Many different electrical telegraph systems were invented, but the ones that became widespread fit into two broad categories. The first category consists of needle telegraphs in which a needle pointer is made to move electromagnetically with an electric current sent down the telegraph line. Early systems used multiple needles requiring multiple wires. The first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Mail
, kw, Postya Riel, ga, An Post Ríoga , logo = Royal Mail.svg , logo_size = 250px , type = Public limited company , traded_as = , foundation = , founder = Henry VIII , location = London, England, UK , key_people = * Keith Williams (Non-executive Chairman) * Simon Thompson (CEO) , area_served = United Kingdom , industry = Postal services, courier , products = , services = Letter post, parcel service, EMS, delivery, freight forwarding, third-party logistics , revenue = £12.638 billion(2021) , operating_income = £611 million (2021) , net_income = £620 million (2021) , num_employees = 158,592 (2021) , parent = , divisions = * Royal Mail * Parcelforce Worldwide , subsid = * General Logistics Systems * eCourier * StoreFeeder * Intersoft Systems & Programming , homepage = , dissolved = , footnotes = International Distributions Services plc (formerly Royal Mail plc), trading as Royal Mail, is a British multinational postal ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postage Stamp
A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail), who then affix the stamp to the face or address-side of any item of mail—an envelope or other postal cover (e.g., packet, box, mailing cylinder)—that they wish to send. The item is then processed by the postal system, where a postmark or cancellation mark—in modern usage indicating date and point of origin of mailing—is applied to the stamp and its left and right sides to prevent its reuse. The item is then delivered to its addressee. Always featuring the name of the issuing nation (with the exception of the United Kingdom), a denomination of its value, and often an illustration of persons, events, institutions, or natural realities that symbolize the nation's traditions and values, every stamp is printed on a piece of usually rectangular, but sometimes triangular ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Postmark
A postmark is a postal marking made on an envelope, parcel, postcard or the like, indicating the place, date and time that the item was delivered into the care of a postal service, or sometimes indicating where and when received or in transit. Modern postmarks are often applied simultaneously with the cancellation or killer that marks postage stamps as having been used. Sometimes a postmark alone is used to cancel stamps, and the two terms are often used interchangeably. Postmarks may be applied by handstamp or machine, using methods such as rollers or inkjets, while digital postmarks are a recent innovation. History The first postmark, called the "Bishop mark", was introduced by English Postmaster General Henry Bishop in 1661 and showed only the day and month of mailing to prevent the delay of the mail by carriers. In England during the latter part of the 17th century, several postmarks were devised for use with the London Penny Post, a postal system that delivered mai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forgery
Forgery is a white-collar crime that generally refers to the false making or material alteration of a legal instrument with the specific intent to defraud anyone (other than themself). Tampering with a certain legal instrument may be forbidden by law in some jurisdictions but such an offense is not related to forgery unless the tampered legal instrument was actually used in the course of the crime to defraud another person or entity. Copies, studio replicas, and reproductions are not considered forgeries, though they may later become forgeries through knowing and willful misrepresentations. Forging money or currency is more often called counterfeiting. But consumer goods may also be ''counterfeits'' if they are not manufactured or produced by the designated manufacturer or producer given on the label or flagged by the trademark symbol. When the object forged is a record or document it is often called a false document. This usage of "forgery" does not derive from metalwork d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Nissen
Charles Nissen (c.1880Profile at Who Was Who in British Philately. Retrieved 11 August 2010. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watermark
A watermark is an identifying image or pattern in paper that appears as various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected light, atop a dark background), caused by thickness or density variations in the paper. Watermarks have been used on postage stamps, currency, and other government documents to discourage counterfeiting. There are two main ways of producing watermarks in paper; the ''dandy roll process'', and the more complex ''cylinder mould process''. Watermarks vary greatly in their visibility; while some are obvious on casual inspection, others require some study to pick out. Various aids have been developed, such as ''watermark fluid'' that wets the paper without damaging it. A watermark is very useful in the examination of paper because it can be used for dating documents and artworks, identifying sizes, mill trademarks and locations, and determining the quality of a sheet of paper. The word is also used for digital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philatelic Fakes And Forgeries
In general, philatelic fakes and forgeries are labels that look like postage stamps but have been produced to deceive or defraud. Learning to identify these can be a challenging branch of philately. To a large extent the definitions below are consistent with those given in the introduction to various recent editions of the ''Scott Standard Postage Stamp Catalogue''. "We use the term ''"forgery"'' to indicate stamps produced to defraud collectors (properly known as forgeries) and to defraud stamp-issuing governments (properly known as counterfeits). ''"Fake"'' is used to indicate the alteration of a genuine stamp to make it appear as something else. Fakes might refer to cancellations, overprints, added or clipped perforations, stamp design alterations, etc." While difficult to do today, one famous case is the Stock Exchange forgery of the late 19th century. Questions are often raised about when a stamp is legitimately produced for postage. Matthew Karanian has proposed the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
