Glen Alden Corporation $500 Bond Certificate

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Glen Alden Corporation $500 Bond - Rapid American Scandal

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Vintage Stock Certificate

Product Code: SC459-4

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The Glen Alden Corporation was the successor of the Rapid American Corporation after it was renamed by founder Meshulam Riklis who is featured as Chairman on this stock certificate..

Meshulam Riklis is credited with originating complicated paper schemes like junk bonds and leveraged buyouts to take over control of major companies, then doing paper switches of the assets into companies he owned. His first significant foray was the creation of the Rapid-American Corporation by combining his significant stake in Rapid Electrotype Company, a platemaking concern with the American Colortype Company, a maker of stereoview lithographs and dollhouse furniture. Tracing the history of Rapid American Corporation and its renamed form Glen Alden Corporation. - Wikipedia

Forbes Magazine estimated Riklis left over $2.9 billion in unpaid debt.

Issued in 1960-1970s.