Word: ivars
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...Ivar Kreuger gull austere and powerful U. S. bankers? Will any of these bankers who sold his securities and sat on his boards be tried for fraud or negligence...
...among the Big Seven is "the American Bank of Poland," founded by Swedish Ivar Kreuger, suicided Match King, unmasked cheat (TIME, March 21 et seq.). Last week the Kreuger bank announced that only 60% of its depositors have withdrawn their accounts as a result of the Kreuger scandal. It had discharged only 50% of its staff and remained serenely open for further business...
Editor George Horace Lorimer of Saturday Evening Post was able to lead off his April 2 issue with an up-to-the-moment article?a "last talk" with the late Ivar Kreuger, recorded by his good friend & admirer, Isaac Frederick Marcosson, able tycoon interviewer. Although the "last talk" was an innocuous compendium of Herr Kreuger's views on international finance, its publication indirectly certified the aura of greatness surrounding the matchmaker and moneylender who had shot himself (TIME, March...
Last week Publisher Lorimer and Reporter Marcosson may have regretted their coup. For in one of the most smashing statements ever made by a firm of auditors, Ivar Kreuger was last week pronounced a crook, a swindler, a falsifier of books...
When in 1928 the famed Boston-born firm of Lee, Higginson prepared to issue millions of Kreuger securities to U. S. investors, it naturally demanded an audit of the Kreuger business. It was persuaded by Ivar Kreuger?one of the most charmingly persuasive men who ever lived ?that it was not necessary for a U. S. firm to audit his vast affairs. He had not only one but three great Swedish firms of auditors which over a period of years and throughout the civilized world had learned how to keep track of the globe-girdling assets and liabilities...