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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 or more to a clerk who would then give them a 1 shilling green postage stamp to apply to it, with other stamps if needed to make up the correct fee, which depended on the number of words. The clerk then would cancel the stamp with a dated postmark, often heavily inked, to indicate that the appropriate payment had b ... [...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 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 state (d. 226) * Gu Shao, Chinese official and politici ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intent (law), intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate Civil law (common law), 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, such as obtaining a passport, travel document, or driver's licence. In cases of mortgage fraud, the perpetrator may attempt to qualify for a mortgage by way of false statements. Terminology Fraud can be defined as either a civil wrong or a criminal act. For civil fraud, a government agency or person or entity harmed by fraud may bring litigation to stop the fraud, seek monetary damages, or both. For cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral. Since 2007, it has been part of the London Stock Exchange Group (LSEG, which the exchange also lists (ticker symbol LSEG)). Despite a post-Brexit exodus of stock listings from the LSE, it was the most valued stock exchange in Europe as of 2023. According to the 2020 Office for National Statistics report, approximately 12% of UK-resident individuals reported having investments in stocks and shares. According to a 2020 Financial Conduct Authority report, approximately 15% of British adults reported having investments in stocks and shares. History Coffee House The Royal Exchange, London, Royal Exchange had been founded by the English financier Thomas Gresham and Sir Richard Clough on the model of the The Belgian bourse of Antwerp, An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrical Telegraph
Electrical telegraphy is point-to-point distance communicating via sending electric signals over wire, a system 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 send text messages more quickly than physically carrying them. Electrical telegraphy can be considered the first example of electrical engineering. Electrical 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 electrical telegraph systems were invented that operated in different ways, but the ones that became widespread fit into two broad categories. First are the needle telegraphs, in which electric current sent down the telegraph line produces electromagnetic force to move a needle-shaped pointer into position o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Mail
Royal Mail Group Limited, trading as Royal Mail, is a British postal service and courier company. It is owned by International Distribution Services. It operates the brands Royal Mail (letters and parcels) and Parcelforce Worldwide (parcels). Formed in 2001, the company used the name Consignia for a brief period but changed it soon afterwards. Prior to this date, Royal Mail and Parcelforce were (along with Post Office Counters Ltd) part of the Post Office, a UK state-owned enterprise the history of which is summarised below. Long before it came to be a company name, the 'Royal Mail' brand had been used by the General Post Office to identify its distribution network (which over the centuries included horse-drawn mail coaches, horse carts and hand carts, ships, trains, vans, motorcycle combinations and aircraft). The company provides mail collection and delivery services throughout the UK. Letters and parcels are deposited in post or parcel boxes, or are collected in bul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling
The shilling is a historical coin, and the name of a unit of modern currency, 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 (currency), pound before being phased out during the 1960s and 1970s. Currently the shilling is used as a currency in five east African countries: Kenyan shilling, Kenya, Tanzanian shilling, Tanzania, Ugandan shilling, Uganda, Somali shilling, Somalia, and the ''de facto'' country of Somaliland shilling, Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Anglo-Saxon language, Anglo-Saxon phrase "Scilling", a monetary term meaning literally "twentieth of a pound", from the Proto-Germanic root :wikt:Reconstruction:Proto-Germanic/skiljaną, skiljaną meaning literally "to separate, split, divide", from :wikt:Reconstr ... [...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). Then the stamp is affixed to the face or address-side of any item of mail—an envelope or other postal cover (e.g., packet, box, mailing cylinder)—which they wish to send. The item is then processed by the postal system, where a postmark or Cancellation (mail), 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. Next the item is delivered to its address. Always featuring the name of the issuing nation (with the exception of the Postage stamps and postal history of the United Kingdom, 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 ... [...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 (mail), cancellation or Killer (philately), 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 Inkjet printer, inkjets, while digital postmarks are a recent innovation. History The first postmark, called the "Bishop mark", was introduced by English Postmaster General of the United Kingdom, Postmaster General Henry Bishop (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 lat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forgery
Forgery is a white-collar crime that generally consists of the false making or material alteration of a legal instrument with the specific mens rea, intent to wikt:defraud#English, defraud. 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 Metalwo ... [...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. The Royal Philatelic Collection He was instrumental in building the Royal Philatelic Collection and often acted as auction agent for King George V of the United Kingdom by whom he was awarded a Royal Warrant of Appointment (United Kingdom), Royal Warrant.The Perkins Bacon records With Harr ...[...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 questioned document examination, 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 wor ... [...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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
