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...massed in front of the River Plate Club. Shuffling and shivering in the cold of the South American winter, they waited neither for soccer nor for revolution, but for a court of law to convene. No ordinary courtroom could have held all the clamoring creditors of Alberto Abraham Natin, 55, a dapper, moonfaced real-estate wheeler-dealer who was charged with fraud and faced with bankruptcy. Before the crowd, seated at a stand draped in dark red felt, was a stern-faced federal judge. After months of delays and postponements, the time of decision had finally come...

Author: /time Magazine | Title: Argentina: Bankruptcy by Ballot | 7/10/1964 | See Source »

Flamboyant Stock Hawking. In Argentina's inflation-plagued economy, businessmen know bankruptcy almost as well as success. The commerce courts are clogged with tangled litigation; 1,780 bankruptcies were declared in 1962. But no other financial empire has fallen with as resounding a crash as Natin's. Only four years ago, Natin was the owner of a small company with the long name of Organization for Trade, Administration, Property and Real Estate Representation-or simply ONAPRI...

Author: /time Magazine | Title: Argentina: Bankruptcy by Ballot | 7/10/1964 | See Source »

Then in a flamboyant, stock-hawking promotion, Natin held out promises of fantastic future profits in construction and real estate, enlisted glamorous TV and movie celebrities as initial backers...

Author: /time Magazine | Title: Argentina: Bankruptcy by Ballot | 7/10/1964 | See Source »

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