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Richard Whitney being sworn in at a public hearing regarding his misappropriation of funds, c1938
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Richard Whitney being sworn in at a public hearing regarding his misappropriation of funds, c1938
Richard Whitney being sworn in at a public hearing regarding his misappropriation of funds, c1938. Richard Whitney (1888-1974) was an American financier who was President of the New York Stock Exchange from 1930-1935. In 1938 he was convicted of embezzlement
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Media ID 15139642
© Historica Graphica Collection / Heritage-Images
Banker Banking Business Businessman Criminal Embezzlement Financier Gesture Hand Raised Hearing Investigation New York Stock Exchange Oath Richard Stock Exchange Testifying Testimony Trial Whitney Historica Graphica Collection
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Caption: Richard Whitney, the disgraced American financier and former President of the New York Stock Exchange, is seen here being sworn in at a public hearing regarding his misappropriation of funds in approximately 1938. The photograph captures Whitney dressed in a formal suit, his hand raised as he takes an oath to testify before the court. This historic image from the Historica Graphica Collection serves as a reminder of one of the most notorious financial scandals of its time. Whitney's rise to prominence within the banking industry came crashing down when he was convicted of embezzlement. His crime shocked both Wall Street and Main Street during an era marked by economic turmoil. As head of one of America's most influential financial institutions, Whitney's fall from grace symbolized a breach of trust that further eroded public confidence in the country's financial system. The solemn expression on Whitney's face reflects the gravity of his situation as he faces investigation and trial for his illicit activities. This snapshot freezes a moment where justice meets finance, capturing not only an individual but also shedding light on broader issues such as corruption within powerful institutions. Decades later, this photograph remains a poignant reminder that even those occupying esteemed positions can succumb to greed and deception. It stands as a testament to our collective need for transparency and accountability within our financial systems—a lesson learned through scandalous episodes like Richard Whitney's downfall.
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