Word: kreugers
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Dates: during 1930-1939
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...month after Ivar Kreuger shot himself to death in his Paris apartment in 1932, Manhattan's Irving Trust Co. was appointed receiver to conserve the assets of International Match Corp., the Swedish swindler's principal U. S. sinkhole. According to Kreuger's handmade balance sheets, Match was a $200,000,000 concern with world-wide properties. Discovering only $9,871 in cash, the receivers searched the wide world for other Match assets. It disputed the claims of Kreuger & Toll. It accused the German Government of "flagrant discrimination" between Swedish and U. S. creditors under the famed "Kreuger...
...liberty of those who wish to obtain the power, not to abolish it. ... Christian theology is the grandmother of Bolshevism . . . Christian morality is, like every morality, renunciation and nothing else. . . . Socialism is nothing but the capitalism of the lower classes. . . . Finance-Socialists and trust magnates like Morgan and Kreuger correspond absolutely to the mass-leaders of Labour parties and the Russian economic commissars: dealer-natures with the same parvenu tastes. . . . All really great leaders in history go 'Right' however low the depths from which they have climbed...
...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...