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mahina

(20,344 posts)
11. I have never until just now following that link seen mention of her fatherʻs massive fraud
Thu Dec 25, 2025, 10:25 PM
2 hrs ago

Last edited Thu Dec 25, 2025, 11:05 PM - Edit history (1)

“Maxwell was litigious and often embroiled in controversy. In 1989, he had to sell successful businesses, including Pergamon Press, to cover some of his debts. In 1991, his body was discovered floating in the Atlantic Ocean, having apparently fallen overboard from his yacht. He was buried on Jerusalem's Mount of Olives in what has been described as a state funeral, attended by much of the Israeli political establishment, including the President, Prime Minister, and six serving and former heads of intelligence.
Maxwell's death triggered the collapse of his publishing empire as banks called in loans. His sons briefly attempted to keep the business together, but failed as the news emerged that the elder Maxwell had embezzled hundreds of millions of pounds from his own companies' pension funds. The Maxwell companies applied for bankruptcy protection in 1992. After Maxwell's death, large discrepancies in his companies' finances were revealed, including his fraudulent misappropriation of the Mirror Group pension fund.[3]”
It’s from Wikipedia

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