The Ambaca Affair
Reis returned to Lisbon in 1922. Back in Portugal he acquired a US car dealership and tried to take over the ailing company "Ambaca". He forged checks for over US $100,000, enough money to buy Ambaca, and then used its money reserves to cover the checks. He used the remaining money in an attempt to take over the Angola Mining Company. He was found out before he could take total control of the company and was arrested in July 1924 in Porto for embezzling the Ambaca money. He was arrested for 54 days and was released on August 27, 1924 because of a technicality; he blamed a criminal conspiracy for his arrest.
Read more about this topic: Alves Dos Reis
Famous quotes containing the word affair:
“Time, which shows so vacant, indivisible, and divine in its coming, is slit and peddled into trifles and tatters. A door is to be painted, a lock to be repaired. I want wood, or oil, or meal, or salt; the house smokes, or I have a headache; then the tax; and an affair to be transacted with a man without heart or brains; and the stinging recollection of an injurious or very awkward word,—these eat up the hours.”
—Ralph Waldo Emerson (1803–1882)