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person1910–1940

Donald Durant

Disciplines:
finance
investment banking
finance/bond sales

Summary

American banker at Lee Higginson who was the primary distributor of Ivar Kreuger's fraudulent bonds to American investors — believing in Kreuger's genius and selling his securities widely — whose reputation was destroyed when the fraud collapsed.

Core Contribution

Represents the trusted intermediary who vouches for a fraud — Durant's credibility and Lee Higginson's reputation were essential to selling Kreuger bonds to American investors — demonstrating how fraud requires not just a fraudster but a network of credible validators.

Historical Influences

Lee Higginson investment banking tradition

Intellectual Lineage

Lee Higginson Boston BankingAmerican Investment Banking

Contemporaries & Peers

Ivar Kreuger Lee Higginson partners

Minds Influenced

American investor losses from Kreuger bonds

Intellectual Posterity

Lee Higginson destructionKreuger bond distribution

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Donald Durant

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