Pecora Commission Exposes Albert Wiggin's Short Selling of Chase Bank Stock
The Pecora Commission revealed that Albert Wiggin, chairman of Chase National Bank, had secretly profited from his bank’s collapse during the 1929 crash. Beginning in September 1929, even as Wiggin publicly committed Chase’s funds to investment pools intended to stabilize the falling …
Albert H. Wiggin
Chase National Bank
Ferdinand Pecora
U.S. Senate Committee on Banking and Currency
financial-regulation
insider-trading
corporate-accountability
tax-evasion
banking-fraud
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