The Lady Banker Who Fooled Boston: The Sarah Howe Scandal

In 1880, an ordinary woman walked into a Boston mansion, paid forty thousand dollars in cash pulled from a drawer, and handed the deed over like it was nothing. The money belonged to twelve hundred women who believed they were investing in a philanthropic bank backed by Quakers. The bank didn't exist. The Quaker fund never existed. What Sarah Emily Howe built was the first documented large-scale Ponzi scheme in American history, forty years before the man whose name it carries was even known. This is the story of how she did it, who she chose as her victims and why, what she did with the money, and what happened when the press finally came for her. The background images in this video were created with AI tools solely to illustrate the story. --- There are more stories like this one. Subscribe to Old Money Scandals.    / @oldmoneyscandals