Credit Mobilier Of America. Durant chartered a company named crédit mobilier of america to garner profits from railroad construction, guaranteeing he and other insiders would realize a. By early 1868, congress seemed certain to investigate charges of improper use of government….

During the 1850’s it had fleeced a number of its investors. In 1864 they formed the crédit mobilier of america. First, a fraudulent company, crédit mobilier of america, was created by union pacific executives to greatly inflate construction costs.