Johann August Sutter (1803–1880) fled Switzerland to escape bankruptcy and debt from failed business ventures.
Born in Kandern (Baden, near Basel) to a Swiss family, he operated a textile and indigo-dyeing business in Burgdorf, Bern. Speculative investments and the 1830s economic downturn ruined him. Facing creditors and possible debtors' prison, he left his wife and five children behind in 1834 and emigrated to the US.
He eventually reached Mexican Alta California, obtained a land grant (New Helvetia), built Sutter's Fort, and triggered the 1848 Gold Rush at his mill—ironically destroying his own empire. He died in Washington, DC, seeking compensation from the US government.