Portal:London transport/Selected biographies/7

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James Whitaker Wright (9 February 1846 - 26 January 1904) was an exceptionally wealthy English mining company owner. He became infamous when he committed suicide at the Royal Courts of Justice in London immediately following his conviction for fraud. Born in Stafford, Wright emigrated to Toronto, Canada in 1870, before moving to the United States. Wright began promoting silver-mining companies in Leadville, Colorado and Lake Valley, New Mexico. Although none of the companies made money for the shareholders, Wright made a fortune. After returning to Britain, he continued to promote mining companies in Australia and Canada on the London market and used his expanding fortune to develop a country estate at Witley Park in Surrey.

In the 1890s Wright established the London & Globe Finance Corporation (L&GFC) as a method of financing more mining issues. The L&GFC also took over the Baker Street & Waterloo Railway in 1897. In 1899, Wright manipulated the accounts of various L&GFC companies to conceal large losses by one of its mines. The fraud was discovered in December 1900 and the corporation collapsed. In 1904, Wright was sentence to seven years imprisonment at the Royal Courts of Justice, but committed suicide by swallowing cyanide immediately after the verdict was announced. (Full article...)