Word: kreugered
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...ought to know also that Professor Warren is Ivar Kreuger in disguise. Just a simple matter of skin grafting which any beauty surgeon could perform. How Ivar laughs these days in Washington to think people believe he is dead...
...assertion that Manager Tissier and his handful of jewels were not the point. They claimed, after a hasty rummage through the Crédit Municipal's books, that French insurance companies had been mulcted of perhaps 500,000,000 francs ($30,000,000) by a swindler of Kreuger rank operating behind the pious, philanthropic front of the Crédit Municipal. This swindler was not Manager Tissier. He was not the chairman of the Bayonne Crédit Municipal, hitherto respected M. Joseph Garat, Mayor of Bayonne and a Deputy of France, who was soon also under arrest...
...Stavisky swindle consisted in selling to French insurance companies bonds of the Bayonne Crédit Municipal to an amount fantastically greater than its assets. As in the Kreuger swindle, insurance company directors were duped by the aura of sanctity and good faith around French pawnshop bonds. Especially reassuring was a letter received by insurance companies in 1932 from the Minister of Labor, then M. Albert Dalimier. The letter stressed the fact that under French law insurance companies may hold part of their funds in pawnshop bonds, urged the desirability of doing so, mentioned Bayonne. As the scandal burst last...
Administrators of the estate of the late Ivar Kreuger announced that, to satisfy creditors, $100,000 worth of his silverware, books, paintings, including a Bacchanalian by Peter Paul Rubens valued at $20,000, will be sold at auction in Jersey City. In Stockholm Torsten Kreuger was fined 1,500.000 kroner (about $390,000) and sentenced to one year's hard labor for his part in his brother's crockery. Administrators of the estate of Chicago's late Edith Rockefeller McCormick announced that the furnishings of her Romanesque Lake Shore Drive town house will be auctioned next month...
...strips dumped outside herring canneries, how he organized his playmates to make and sell his product, how he thrashed them when their salesmanship was poor. Son of a Swedish count, he later worked in Gothenburg but, restless and energetic, went to Berlin to learn big business. Later, like Ivar Kreuger, he worked and traveled all over the world. Before the War he picked out vacuum cleaners as a likely product to distribute. But the War stopped his plans for an international selling organization. With capital of 120,000 kroner (about $32,000) A. B. Elektrolux was launched in 1919. Thereafter...