We go to the sport of horse racing to find Dr. Mark Gerard, who was one of the top veterinarians of the 1960s and '70s.
In 1977, he purchased two horses: Cinzano for $81,000 and Lebon for $1,600. The two horses had a strong resemblance, and Gerard masterminded a horse swap to cash in on Lebon winning.
Gerard claimed Cinzano died in a farm accident and received $150,000 in insurance but then entered the real Cinzano as "Lebon" in a race a short time later. The fake Lebon ended up winning the race despite 57-to-1 odds, and Gerard cashed in with over $80,000 in earnings.
However, a journalist spotted the difference in the horses, and Gerard was found guilty of a fraud misdemeanor. He was sentenced to a year in jail and forced to pay a $1,000 fine.