History Does Rhyme: Episode 4 – SCAM! The Amazing Rise and Devastating Fall of Wilbur Foshay

Before there was a Bernie Madoff, who conned hundreds of millions of dollars out of unsuspecting investors, there was Wilbur Foshay.

He was a dreamer and a doer who made a fortune in the utility industry while living in Minnesota. Unfortunately, his riches were the result of a pyramid scheme and when the scam collapsed, countless lives were ruined, and Foshay ended up in federal prison.

Wilbur Fosha began his path to redemption in Colorado, leaving a mark that is still visible on the mountain overlooking the town of Salida and is even part of the city marketing slogan. 

Caleb Burggraaf