Word: kreuger
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...Sweden, it was confused with the ideas of the late Ivar Kreuger...
Eleven days after a pistol shot in Paris put an end to Ivar Kreuger's fantastic dreams of a match empire, Price, Waterhouse & Co. sat down to audit the Kreuger books. Within a month they pronounced Ivar Kreuger a crook. But until last week when Price, Waterhouse issued the final report on their world-wide investigation, no one knew precisely how good a crook or how great a swindler Ivar Kreuger really...
Threading their way through the ledgers of a dozen holding companies, 140 operating subsidiaries and trading concerns, Price, Waterhouse traced his manipulations back to 1917. Even before that Ivar Kreuger had been at it. "The fraudulent practices assumed large proportions in 1923 and 1924," the report stated, and had reached a climax in the forgery of $100,000,000 of Italian Government bonds. During those 14 years Ivar Kreuger reported profits of more than $300,000,000, but Price, Waterhouse unearthed operating profits of only $40,000,000 including "a number of items the genuineness of which is doubtful." Thus...
...note of things seen & heard. Some of these ten short stories appeared in the Saturday Evening Post, but they would make good reading for the grimmest Communist. With few exceptions the people in Tropical Winter are vicious, hysterical, more than half-crazed by pleasure-laden lives. Since Deatfrdebunked Ivar Kreuger, no one supposes that matches are made in heaven, but bourgeois opinion still holds that Palm Beach and romance go hand in hand. Author Hergesheimer does a good best to prick this bubble. Some of the stories...
...large and often-criticized portfolio of common stocks, the company ignored his attacks. But in October the Journal carried a bitter article about Sun Life's 72-year-old President Thomas Bassett Macaulay, in which President Macaulay was described as an Insull conspirator, likened to the late Ivar Kreuger, called "one of the world's greatest crooks, a colossal liar, and a swindler." President Macaulay sued for libel (TIME, Oct. 24). Publisher Harpell's usual lawyers would not handle the case for him. At first he harped bitterly on this handicap as he pleaded his own defense...