Robert Maxwell

:This article is about the publisher. There was also a songwriter named Robert Maxwell.

Events after his death

Maxwell's death triggered a flood of revelations about his controversial business dealings and activities. It emerged that, without adequate prior authorization, he had used hundreds of millions of pounds from his companies' pension funds to finance his corporate debt, his frantic takeovers and his lavish lifestyle. Thousands of Maxwell employees lost their pensions.

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The Maxwell companies filed for bankruptcy protection in 1992. His sons, Kevin and Ian Maxwell, were declared bankrupt with debts of 400 million pounds. In 1995 the two Maxwell sons and two other former directors went on trial for fraud, but were acquitted in 1996. In 2001 the Department of Trade and Industry report on the collapse of the Maxwell companies accused both Maxwell and his sons of acting "inexcusably".

Related Topics:
1992 - 1995 - 1996 - 2001

~ ~ ~ ~ ~ ~ ~ ~ ~ ~