Charles Waggoner was a bank president in Telluride, Colorado in 1929 (photo). He’d worked there for more than 30 years. The bank was about to go under, meaning the depositors would lose all their money. Instead, Waggoner used his knowledge to acquire $500,000 from several New York banks—money he promptly gave to the bank customers. The scheme was discovered a few months later and Waggoner spent about five years in prison. It appears that the money was never returned.
True West November/December 2024