Word: kreugered
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Compared with that, Charles Ponzi, Lowell Birrell, Eddie Gilbert and Billie Sol Estes were pikers. Only Ivar Kreuger, the Swedish match king who in the 1920s defrauded investors of $500 million, ever topped Tino. More than that, De Angelis presents the classic example of how a man can exploit a complicated situation and use the credulity of high financiers for tremendous gain...
...widely regarded as its most modern and creative financial institution. In its earliest major deals a century ago, it raised money in Germany for Sweden's infant railroad and financed Swedish iron and timber ex ports. Skandinaviska also bankrolled the worldwide ventures of Swedish Match King Ivar Kreuger to the tune of $65 million, and his collapse in the 1930s almost brought the bank down as well...
Caution & Adventure. Skandinaviska bailed out many of Kreuger's companies in a rescue operation that won it the lasting respect-and the banking business-of such large Swedish corporations as automaking Volvo and the ball-bearing giant SKF. Says Lars-Erik Thunholm, 50, one of the bank's three managing directors: "Caution alone could not make banking a creative force. Caution must be coupled with adventure." By successfully coupling them, Skandinaviska has proved anew that one plus one often adds up to much more than...
...annals of international finaglers, first place is still held by Swedish Match King Ivar Kreuger, whose machinations in the 1920s caused hundreds of investors to lose a total of $500 million. The Great Salad Oil Scandal recently set off by pudgy Tino DeAngelis (TIME, Nov. 29 et seq.) stands to cost the banks and companies involved upwards of $100 million - putting DeAngelis second only to Kreuger...
...season Charles Boyer starred in Lord Pengo, a tracing-paper-thin characterization of Art Wheeler-Dealer Jo seph Duveen. Boyer was slyly fascinating; the play provoked yawns. In Man and Boy, Boyer plays Gregor Antonescu, a blurry blotting-pad version of the 20th century's master swindler, Ivar Kreuger. Boyer makes a charming cad; the play is a jaw-aching bore. If the evening proves anything, it is merely that actors who are graded 100 for talent sometimes get zero for judgment...