Match King Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals |
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| Author:
| Partnoy, Frank |
| ISBN: | 978-1-4379-7744-8 |
| Publication Date: | May 2011 |
| Publisher: | DIANE Publishing Company
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| Book Format: | Hardback |
| List Price: | USD $27.00 |
Book Description:
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During the late ‘20s, Ivar Kreuger was the world’s most famous business mind. He made a fortune raising money from American investors and loaning it to European governments in exchange for matchstick monopolies -- when matches were a household staple. His success was due to a raft of innovative financial products, but he paid very high dividends to investors which caused him to adopt ever more perilous practices -- shell co. in tax havens, fudged accounting figures, even...
More DescriptionDuring the late ‘20s, Ivar Kreuger was the world’s most famous business mind. He made a fortune raising money from American investors and loaning it to European governments in exchange for matchstick monopolies -- when matches were a household staple. His success was due to a raft of innovative financial products, but he paid very high dividends to investors which caused him to adopt ever more perilous practices -- shell co. in tax havens, fudged accounting figures, even forgery. As his schemes unraveled, his empire collapsed. The “Kreuger crash” bankrupted millions around the world and spurred the creation of landmark securities regulations. “An astonishing account of one of the greatest financial swindlers of all time.”