American investment bank founded in Boston in 1848 — one of the most prestigious financial institutions in America — whose reputation and client relationships were used to distribute Ivar Kreuger's fraudulent bonds, and which was destroyed when the fraud collapsed in 1932.
Represents the institutional casualty of financial fraud — Lee Higginson's 84-year-old reputation, built serving the Boston Brahmin investor class, was destroyed in months because it had staked its credibility on vouching for Kreuger — making it the most prominent institutional victim of the most sophisticated fraud of its era.
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