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Kreuger, Ivar

Kreuger, Ivar (ē'vär krOO'gur) [key], 1880–1932, Swedish financier. After studying engineering in Stockholm and engaging in construction enterprises in the United States, he returned to Sweden and organized the firm of Kreuger and Toll. In 1913 he began to form a trust to control all aspects of the production of matches in Sweden, and later throughout the world; it eventually became a huge international finance agency. Speculation and fraudulent practices during the 1920s wrecked the trust and led to Kreuger's suicide. Much of his money was obtained from U.S. backers.

See studies by A. Churchill (1957) and R. Shaplen (1960).

See more Encyclopedia articles on: Scandinavian History: Biographies

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Related content from HighBeam Research on: Ivar Kreuger

Pyramid schemes put in perspective: the real rub of the Ivar Kreuger and Bernie Madoff sagas is that both men were caught doing precisely what governments do as a matter of course through central banking.(PROFILE) (The New American)

"Ivar Kreuger and the Swedish Match Empire." (Business History Review)

Historical Perspectives on the Financial Crisis: Ivar Kreuger, the Credit-Rating Agencies, and Two Theories about the Function, and Dysfunction, of Markets (Yale Journal on Regulation)

A likeable rogue; Financial scandal.(The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals)(Book review) (The Economist (US))

Lighting a fire: at 60, Bermuda rightly deserves a place in the insurance and reinsurance pantheon, but the island has changed, as have markets and the world around it. Yet the "Bermuda Model" proves it has the legs to compete with younger domiciles, especially when it comes to generating catastrophe capacity.(IN-DEPTH)(Company overview) (Risk & Insurance)

It's Time to Go on the Offensive.(auditing standards )(Brief Article) (California CPA)

Monthly review. (Monthly Review)

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The Visible Wall: Jews and Other Ethnic Outsiders in Swedish Film.(Review) (Scandinavian Studies)

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Kreuger, Ivar

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See more Encyclopedia articles on: Scandinavian History: Biographies