Winning the Battle Against Financial Crime in the Era of Real-Time Payments

| Oct 29, 2014

In 1839, Colonel Jacob Baker, a hero of the American War of Independence, wrote a will leaving an estate to his heirs comprising most of the city of Philadelphia. Years later, William Cameron Morrow Smith formed an association to pool the resources of anyone surnamed “Baker” who wanted to fight the legal battle to claim their share of the inheritance.

The only problem was that Colonel Baker never existed. Smith was a scam artist and (more...)