This diploma qualified him in twenty one subjects including Engineering Science, Geology, Geometry, Physics, Metallurgy, Pure Mathematics, Palaeography and Electrical Engineering. He took with him a signed diploma from ´The Polytechnic School of Engineering of Oxford University´. In 1916 at age 20 he got permission to go to Angola rather than serve in the army in France. So how did the amateur, penniless, half-educated Artur Virgílio Alves Reis so nearly succeed in perpetrating a fraud on a scale unparalleled in the history of commercial swindles?Īfter only a year´s study Reis abandoned his course in practical engineering to get married. The repercussions of the case ultimately led to the most enduring dictatorship of our time (Salazar´s), wracked the Lord Mayor of London, ruined the reputation of one of the world´s great printing firms, and culminated in one of the longest and costliest cases in British legal history. is how the Portuguese Bank Note Crisis of 1925 has been described. ´THE WORST SHOCK SINCE THE GREAT EARTHQUAKE OF 1755´.
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