MONACO: The Gambling Banker

Throughout the world, threadbare gamblers with avid eyes have dreamed of becoming "the man who broke the bank at Monte Carlo." But the man who came nearest to breaking the bank at Monte Carlo last month was no true gambler at all; he was the man who owned it.

Strictly speaking, the Société Monétgasque de Banque et de Méttaux Prétcieux, run by swarthy Greek Promoter Constantin Liambey, is only one of 13 banks in Monaco. But it had this advantage over most of the others: some $2,500,000 of Monaco's state funds were deposited...

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