Nazi Propaganda
Muscia was mentioned in the 1938 Nazi pamphlet Roosevelt verrät Amerika! (Roosevelt Betrays America!) by Dr. Robert Ley. He wrote "The Coster-Musica scandal aroused considerable excitement in the American business world at the end of 1938. Coster-Musica had carried out swindles on a widespread scale, including drug smuggling, weapons sales, and crooked dealings, and was a member of many prominent clubs. Coster-Musica had been in jail for fraud as yearly as 1906. He was convicted in a huge financial scandal in 1913. Given his connections to “high society,” he did not serve time in prison. His company collapsed when the fraud was discovered. 13,500 stockholders lost over $100 million. He committed suicide because he feared his well-placed friends were no longer able to protect him from the wrath of those he had cheated."
Read more about this topic: Phillip Musica
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