Business: Kreuger's Trail

The trail of woe left by the late Matchmaker Ivar Kreuger widened last week to include the eight U. S. directors of International Match (TIME, March 21 et seq.). After months of inquiring into the financial and personal history of Matchmaker Kreuger, Oscar W. Ehrhorn, Federal referee in bankruptcy for stricken International Match, authorized Manhattan's Irving Trust Co. as trustee for the company to sue the directors for an accounting of $100,000,000 allegedly lost through their negligence. Irving Trust charged that an additional $35,000,000 was dissipated in 22 illegal dividends paid out of...

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