Greatest business scandals

Biggest business scandals of all time
Ivar Kreuger

As the "Swedish Match King," Ivar Kreuger was once one of the richest men in the world. From 1913 to 1932, he built a small match business into a $600 million global empire. Kreuger controlled 40 percent of the world's match production.

However, after his suicide in 1932, forensic auditors found that Kreuger had operated a giant pyramind scheme. His debts exceeded Sweden's national deficit.



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