Great frauds in history: Harry Marks and his dodgy tips

Harry Marks used his position as the owner of a financial newspaper to con investors into putting their savings into a non-existent gold mine.

Harry Marks

(Image credit: Credit: Antiqua Print Gallery Ltd / Alamy Stock Photo)

Harry Marks was born in London in 1855 and left school at 16 to seek his fortune in America. After a brief stint as a salesman, he became a journalist in Texas, and then New York, eventually becoming editor of the Daily Mining News. After moving back to London in 1883 he set up the Financial and Mining News (later shortened to the Financial News), remaining editor until 1909. The magazine focused on giving financial advice and exposing financial and public corruption.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri