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Something wrong?Artur Virgílio Alves Reis was a Portuguese criminal who perpetrated one of the largest frauds in history, against the Bank of Portugal in 1925, often called the Angola e Metrópole affair. At a point, he had duplicated 1% of the Portuguese GDP, leading to the collapse of the country's financial system.
Also in Deutsch
Photos 4
Counterfeit 500 escudo note (upper) and a genuine banknote (lower) of Banco de Portugal. Both carry the same serial number of 1K 02201, 1922. On display at the British Museum in London
One of the fraudulent banknotes
Crowds rush to the Bank of Portugal building in Lisbon, to exchange the fraudulent banknotes (8 December 1925)About this person
Artur Virgílio Alves Reis was a Portuguese criminal who perpetrated one of the largest frauds in history, against the Bank of Portugal in 1925, often called the Angola e Metrópole affair. At a point, he had duplicated 1% of the Portuguese GDP, leading to the collapse of the country's financial system. He was tried in May 1930, convicted and sentenced to 20 years in prison, where he converted to Protestantism. He was released in May 1945, and died of a heart attack in 1955.
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