10 Of Our favourite Shocking Stories In New York Magazine's 'Three Centuries Of Scandals'


Photo: flickr: krossbow

There are few things Wall Street loves and hates more than a scandal — well, not just Wall Street, New York in general.It just so happens that Wall Streeters tend to be in a lot of them (‘oh how the mighty have fallen,’ and what not).

That’s why New York Magazine’s ‘Three Centuries of New York Scandal’ is so brilliant. They take the most devastating, shocking moments from this city’s history and put them in a neat timeline.

Thank you, internet.

We loved it so much we decided to put our favourite stories in here.

If anyone in them (or their decedents) is left out, we’re sure they’ll be OK with it.

Columbia students caught robbing graves

In 1788, They called themselves 'resurrectionists,' -- students at the Columbia school were digging up the graves of African American slaves. Freedmen started complaining, but no one listened. At least, not until an angry mob converged on the medical school.

Source: NY Mag

A Brooklyn Doctor faked going to the North Pole

In 1909, Frederick Cook claimed he beat famed explorer Robert Peary by a year. Luckily, his alleged Inuit guides didn't play along with the scam

Source: NY Mag

The scandalous divorce of a 52 year old real estate magnate and his 16 year old wife

Mary Astor's shocking diary is leaked to the press

In 1936, Mary Astor's diary was leaked to the press during her custody battle with her husband. Here's an excerpt:

Tuesday night we had a dinner at '21' and on the way to see Run Little Chillun he did kiss me--and I don't think either of us remember much what the show was about. We played kneesies during the first two acts, my hand wasn't in my own lap during the third. It's been years since I've felt up a man in public, but I just got carried away.

Source: NY Mag

The VP of the NY Stock Exchange steals $3 million

In 1938, Richard Whitney was found guilty of grand larceny and called the 'wolf of Wall Street.'

He stole bonds from New York Yacht Club, Harvard, St. Paul's School-and some $667,000 from the Stock Exchange Gratuity Fund, set up for the widows and families of dead brokers.

Source: NY Mag and Random House

CUNY Basketball team purposely throws the NCAA title

In 1950, the CUNY Men's basketball team actually made it to the NCAA finals and played at Madison Square Garden.

From NY Mag:

A year later, seven members of the team were arrested in a point-shaving scheme that ultimately involved 32 current and former players from several teams, and proved to be one of the greatest (known) scandals in college sports.

The Wannamaker heiress throws a party and it turns into a drunken free for all.

In 1963, Fernanda Wanamaker Wetherill the hottest socialite in America. Her coming out party at her step-father's Southampton, obviously, was the event of the year. He even rented another mansion for friends that had nowhere to stay -- so they trashed it.

From NY Mag:

There wasn't much sleeping. After 24 hours on a liquid diet, left alone to their own devices in the huge mansion, about 60 of the pride of society went on a Lord of the Flies rampage. The beds were splintered, the chandelier ripped from the ceiling, the crystal and china used for target practice, and the house stoned in a frenzy that broke all but six of its 1,600 exquisitely mullioned windows. The owner was paid for damages, but no charges were filed immediately, inciting a wave of public indignation. Under mounting pressure, a grand jury was convened, and thirteen young men (five in the Social Register) and one girl were charged with the willful destruction of property.

The Mayflower Madam goes to trial

In 1984, blue blooded Sydney Biddle Barrows admitted to running a brothel. The thing is, everyone loved how blunt she was about it -- 'I ran the wrong sort of business,

Leona Helmsley serves 18 months and pays $7.1 million for tax evasion

John Thaine's golden commode is revealed to the public

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.