Anton Walser
1890–1948Anton Walser and associates embezzled bank funds to expand a lottery program that sparked controversy.
Particulars
Starting in 1926, Anton Walser, Franz Thöny, Niko Beck and Rudolf Carbone embezzled funds from the National Bank of Liechtenstein for various speculative transactions.
The embezzlement included expanding a class lottery operated by Walser and legally represented by Wilhelm Beck, the bank’s board chairman; the program promised high income and employment for Liechtenstein but was controversial in the Landtag and among the public.
Compiled from Wikipedia. Automated record.