After seven years as a clerk in the London bank of Marsh, Sibbald & Co., of which his father was one of the founders, he was taken into partnership, and the whole business of the firm was left in his hands. In 1824, the bank suspended payment. Fauntleroy was arrested on the charge of appropriating trust funds by forging the trustees' signatures, and was committed for trial, it being freely rumoured that he had appropriated £250,000, which he had squandered in debauchery.
He was tried at the Old Bailey, and, the case against him having been proved, he admitted his guilt, but pleaded that he had used the misappropriated funds to pay his firm's debts. He was found guilty and sentenced to be hanged. Seventeen merchants and bankers gave evidence as to his general integrity at the trial. After his conviction, powerful influence was brought to bear on his behalf, and his case was twice argued before judges on points of law. An Italian named Angelini even offered to take Fauntleroy's place on the scaffold. The efforts of his many friends were, however, unavailing, and he was hanged in November 1824, one of the last few to be executed for forgery before it ceased to be a capital crime in 1836. This outcome was in contrast to that of the fraudster Lancelot Cooper who was compared to Fauntleroy by The Times in 1827. He was also condemned to death but subsequently had his sentence commuted to transportation (probably due to the influence of John FitzGibbon, 2nd Earl of Clare).
A wholly unfounded rumour was widely credited for some time subsequently, to the effect that he had escaped strangulation by inserting a silver tube in his throat, and was living comfortably abroad.
Henry Fauntleroy is a major character in Susan Grossey's novel Fatal Forgery.
Samuel Warren recalled witnessing Fauntleroy's hanging in the section of his Miscellanies entitled 'My First Circut'.
- Griffiths Chronicles of Newgate, ii. 294-300
- Pierce Egan, Account of the Trial of Mr Fauntleroy, 1824
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