1. From Millionaire to Pauper

When Royal Johnson’s report was released, James Reavis tried to brazen it out and even sued the US government for $11 million. He lost the lawsuit, with the court noting that his claim was “wholly fictitious and fraudulent“, and that his documents had been forged and “surreptitiously introduced” into the records they supposedly came from. As he left the court, he was arrested and slammed with a 42 count indictment that included charges of fraud, forgery, presenting false documents, and conspiracy to defraud the US government.
Reavis’ brazen scheme had finally come undone. Tried, he was found guilty on June 30th, 1896, and sentenced to two years behind bars, plus a $5000 fine. Following his release, James Reavis drifted around in poverty, pitching investment ideas that found no takers. His wife divorced him in 1902, and he eventually ended up in a Los Angeles poor house. He died in Colorado in 1914, and was buried in a pauper’s grave.
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Where Did We Find This Stuff? Some Sources and Further Reading
History Theatre, May 5-June 3, 2018 – Lord Gordon-Gordon
Cracked – Totally W-T-F Criminal Schemes (You Won’t Believe Are True)
Head Stuff – William Chaloner, Master Counterfeiter
Investopedia – Silver Thursday: How Two Wealthy Traders Cornered the Market
KJZZ – Untold Arizona: The Baron of Arizona
Listverse – 10 of History’s Most Prolific Con Artists and Their Famous Cons
Los Angeles Times, June 7th, 1987 – Bizarre Lives Bared of Star, Son Accused of Her Murder
Money Inc. – The 20 Most Notorious Con Artists of All Time
MPR News – The Time a Con Man Brought Minnesota to the Brink of War With Canada
Museum of Hoaxes – Lord Gordon-Gordon
True West Magazine, November 21st, 2017 – The Great Swindler James Addison Reavis



