The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals

The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals
ISBN-10
1586487434
ISBN-13
9781586487430
Category
Business & Economics
Pages
272
Language
English
Published
2009-04-14
Publisher
Public Affairs
Author
Frank Partnoy

Description

A nearly century-old Wall Street scandal rooted in unscrupulous investment banking and derivative hedge funds techniques developed by one man--Swedish âemigrâe and notorious charmer Ivar Kreuger. Kreuger made his fortune in the 1920s by raising money from American investors to lend to European governments in exchange for match monopolies. After the collapse of 1929, he continued to make money. Then in 1932 he suddenly committed suicide. As his fraudulent schemes unraveled in the wake of his death, the so-called "Kreuger crash" began, bankrupting millions and leading to the enactment of the securities laws of 1933 and 1934.

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