Albert Oustric
Albert Oustric (2 September 1887 – 16 April 1971) was a French entrepreneur and banker. He was the son of a cafe proprietor, and held various jobs before managing to raise capital for a hydro power generation company. He founded a small bank in 1919 and specialized in turning around enterprises that were in financial difficulty through debt consolidation and the sale of shares at inflated prices. He invested in a wide range of industries from mining to leather goods and retail banking. His group was bankrupted by the economic crisis that started in 1929, and many small depositors were ruined. Oustric was found guilty of fraud and embezzlement and spent several years in prison. A commission of inquiry found that several politicians had protected Oustric, including the Minister of Justice. T
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Albert Oustric
Albert Oustric (2 September 1887 – 16 April 1971) was a French entrepreneur and banker. He was the son of a cafe proprietor, and held various jobs before managing to raise capital for a hydro power generation company. He founded a small bank in 1919 and specialized in turning around enterprises that were in financial difficulty through debt consolidation and the sale of shares at inflated prices. He invested in a wide range of industries from mining to leather goods and retail banking. His group was bankrupted by the economic crisis that started in 1929, and many small depositors were ruined. Oustric was found guilty of fraud and embezzlement and spent several years in prison. A commission of inquiry found that several politicians had protected Oustric, including the Minister of Justice. T
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Albert Antoine Oustric, né à C ...... e éclaboussés par le scandale.
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Albert Oustric (2 September 18 ...... nate tried and acquitted them.
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birth date
1887-09-02
birth place
birth year
death date
1971-04-16
death place
death year
occupation
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birth date
1887-09-02
birth place
Carcassonne, Aude, France
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death date
1971-04-16
death place
Toulouse, France
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known for
Bank failure scandal
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name
Albert Oustric
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nationality
French
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occupation
Entrepreneur, banker
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Albert Antoine Oustric, né à C ...... e éclaboussés par le scandale.
@fr
Albert Oustric (2 September 18 ...... ing the Minister of Justice. T
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label
Albert Oustric
@en
Albert Oustric
@fr
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Albert Oustric
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