In the unforgiving landscape of Alaska’s wilderness, a tale of financial ruin and heroism unfolded. The defunct Bank of Hyder, a once-thriving institution, had been paying out dividends to its creditors – a staggering 1212% in the latest payout. This was the third such dividend, following on the heels of 50% and 15% distributions. The total amount paid out now stands at 77.12%. The receiver, buoyed by these payments, expresses hope of settling the entire debt in the near future.
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Key Facts
- State: Alaska
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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