Axel Nicolai Herlofson
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Axel Nicolai Herlofson
Axel Nicolai Herlofson (29 August 1845 in Østre Moland – 1910 in Christiania) was a Norwegian fraudster who is known for causing the Arendal crash, after defrauding customers and co-owners of Arendals Privatbank which he had co-founded in 1874. His scheme had some similarities to a Ponzi scheme, and he had systemically falsified the bank's accounts for several years to cover up being insolvent. In 1886 the bank went bankrupt, and an investigation of Herlofson was initiated. He attempted to flee the country, but was arrested in the last minute and sentenced to six years imprisonment with hard labour, which he served in Norway's strictest prison at Akershus Fortress. He died in Christiania."Da alt raknet for sørlendingene", Aftenposten Amagasinet, 12 July 2013 (feature on Axel Nicolai Herlofson and the Arendal crash) He was the son of businessman Nicolai Benjamin Aall Herlofson (1807-1884) and Elisabeth Catharine Cappelen (1809-1880). His mother was a daughter of the p ...
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Axel Nicolai Herlofson
Axel Nicolai Herlofson (29 August 1845 in Østre Moland – 1910 in Christiania) was a Norwegian fraudster who is known for causing the Arendal crash, after defrauding customers and co-owners of Arendals Privatbank which he had co-founded in 1874. His scheme had some similarities to a Ponzi scheme, and he had systemically falsified the bank's accounts for several years to cover up being insolvent. In 1886 the bank went bankrupt, and an investigation of Herlofson was initiated. He attempted to flee the country, but was arrested in the last minute and sentenced to six years imprisonment with hard labour, which he served in Norway's strictest prison at Akershus Fortress. He died in Christiania."Da alt raknet for sørlendingene", Aftenposten Amagasinet, 12 July 2013 (feature on Axel Nicolai Herlofson and the Arendal crash) He was the son of businessman Nicolai Benjamin Aall Herlofson (1807-1884) and Elisabeth Catharine Cappelen (1809-1880). His mother was a daughter of the p ...
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Akershus Fortress
Akershus Fortress ( no, Akershus Festning, ) or Akershus Castle ( no, Akershus slott ) is a medieval castle in the Norwegian capital Oslo that was built to protect and provide a royal residence for the city. Since the Middle Ages the fortress has been the namesake and centre of the main fief and later main county of Akershus, which was originally one of Norway's four main regions and which included most of Eastern Norway. The fortress itself was located within the Akershus main county until 1919, and also within the smaller Akershus sub county until 1842. The castle has also been used as a military base, a prison and is currently the temporary office of the Prime minister of Norway. Construction It is not known exactly when the construction of the castle started but it is believed that it took place around the late 1290s, by King Haakon V, replacing Tønsberg as one of the two most important Norwegian castles of the period (the other being Båhus). It was constructed in ...
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Norwegian Prisoners And Detainees
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian **Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights *Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 *Norwegian coupling, used for narrow-gauge railways *Norwegian Cruise Line, a cruise line *Norwegian Elkhound, a canine breed. *Norwegian Forest cat, a domestic feline breed *Norwegian Red, a breed of dairy cattle *Norwegian Township, Schuylkill County, ...
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Norwegian Fraudsters
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian ** Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights * Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 * Norwegian coupling, used for narrow-gauge railways * Norwegian Cruise Line, a cruise line * Norwegian Elkhound, a canine breed. * Norwegian Forest cat, a domestic feline breed * Norwegian Red, a breed of dairy cattle * Norwegian Township, Schuylkill ...
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Norwegian Male Criminals
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian ** Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights * Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 * Norwegian coupling, used for narrow-gauge railways * Norwegian Cruise Line, a cruise line * Norwegian Elkhound, a canine breed. * Norwegian Forest cat, a domestic feline breed * Norwegian Red, a breed of dairy cattle * Norwegian Township, Schuylkill ...
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19th-century Norwegian Criminals
The 19th (nineteenth) century began on 1 January 1801 ( MDCCCI), and ended on 31 December 1900 ( MCM). The 19th century was the ninth century of the 2nd millennium. The 19th century was characterized by vast social upheaval. Slavery was abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanding beyond its British homeland for the first time during this century, particularly remaking the economies and societies of the Low Countries, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Islamic gunpowder empires fell into decline and European imperialism brought much of South Asia, Southeast Asia, and almost all of Africa under colonial rule. It was also marked by the collapse of the la ...
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Diderik Von Cappelen
Diderik von Cappelen (21 June 1761 – 3 April 1828) was a Norwegian wholesaler, merchant, shipowner, estate owner and politician in 1814. He is often referred to as Diderik von Cappelen but he spelt his name ''Didrich von Cappelen'' and is also referred to as Didrik von Cappelen. Personal life and family Cappelen was born at Mæla Manor in Gjerpen (''Mæla gård i Gjerpen'') in the municipality of Skien, in Telemark, Norway. He was one of the sons of the wholesaler, timber merchant and ship owner Diderich von Cappelen (1734–1794) and his first wife Petronelle Pedersdatter Juel (1737–1785). His father was one of the richest ship owners in Norway. Diderik von Cappelen was the elder brother of Peder von Cappelen, Ulrich Fredrich von Cappelen and Cathrine von Cappelen who was married to Carsten Tank.E.A. Thomle: Familien (von) Cappelen i Norge og Danmark, Christiania 1896, p.75-82 Cappelen was married twice, first to Maria Plesner from 1787, and from 1800 to Marie Severine Blom ...
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Aftenposten
( in the masthead; ; Norwegian for "The Evening Post") is Norway's largest printed newspaper by circulation. It is based in Oslo. It sold 211,769 copies in 2015 (172,029 printed copies according to University of Bergen) and estimated 1.2 million readers. It converted from broadsheet to compact format in March 2005. ''Aftenposten''s online edition is at Aftenposten.no. It is considered a newspaper of record for Norway. ''Aftenposten'' is a private company wholly owned by the public company Schibsted ASA. Norway's second largest newspaper, ''VG'', is also owned by Schibsted. Norwegian owners held a 42% of the shares in Schibsted at the end of 2015. The paper has around 740 employees. Trine Eilertsen was appointed editor-in-chief in 2020. History and profile ''Aftenposten'' was founded by Christian Schibsted on 14 May 1860 under the name ''Christiania Adresseblad''. The following year, it was renamed ''Aftenposten''. Since 1885, the paper has printed two daily editions. A Sund ...
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Bankrupt
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into ...
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Insolvent
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company that i ...
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