Legal News for Weds 7/23 - Trump NCUA Firings Illegal, Big Cocoa vs. Child Labor Suits, NJ Detention Ban, 32 Year Old Mail Fraud Case and Data Centers as Modern Pyramids
This Day in Legal History: Grant Dies
On July 23, 1885, Ulysses S. Grant—former president and Union general—died of throat cancer at age 63. While honored as a national hero, Grant spent his final years in financial ruin due to a high-profile fraud scandal. He had invested heavily in a Wall Street brokerage firm, Grant & Ward, run in part by his son and the scheming financier Ferdinand Ward. Ward operated what would now be recognized as a Ponzi scheme, using incoming investments to pay off earlier clients and falsely promising high returns. When the scheme collapsed in 1884, Grant lost…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.