The Match King: Charming, Charismatic, and a Cheat
Lecture no. 6 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 11 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Taking the Ponzi scheme to a grander international scale, Kreuger's International Match had monopolies in a dozen countries, but, behind the scenes, his financial empire was in a state of constant chaos. Learn how setting up multiple shell companies in traditional tax-haven countries, and diverting funds among them to stay afloat, meant Kreuger eventually ran out of cash—and options.