The Stavisky Affair was a 1934 financial scandal generated by the actions of embezzler Alexandre Stavisky. It had political ramifications for the French Radical Socialist moderate government of the day. The scandal was described by the New Yorker's Paris correspondent Janet Flanner as follows:
| “ | The scheme which finally killed, his political guests' reputations, and the uninvited public's peace of mind, was his emission of hundreds of millions of francs' worth of false bonds on the city of Bayonne's municipal pawnshop, which were bought up by life-insurance companies, counseled by the Minister of Colonies, who was counseled by the Minister of Commerce, who was counseled by the Mayor of Bayonne, who was counseled by the little manager of the hockshop, who was counseled by Stavisky. | ” |
Read more about Stavisky Affair: Stavisky, Political Crisis of 6 February 1934, Further Consequences, Portraits of The Affair
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