Georgia land scam

One of the most infamous land scams in the U.S. took place in Georgia in 1795. The state legislature authorized the sale of a large tract of land near the Yazoo River to four land companies in which most of the legislators held shares. Public outcry cancelled the sale after much of the land had already been resold. The U.S. Congress authorized payment of $4.3 million to settle this case in 1814.
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