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Henry Oberlander (born c. 1927) was the leader of the Hungarian Circle, a gang that defrauded international banks of hundreds of millions of pounds. Following a global investigation, the gang were arrested in 1978 at their headquarters in West London, England. During the trial, the prosecution asserted that the gang "could have wrecked the entire banking system of the Western World". The scam, possibly operating over a twenty-year period, was dubbed at the time as "the greatest fraud in banking history".

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  • Henry Oberlander (en)
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  • Henry Oberlander (born c. 1927) was the leader of the Hungarian Circle, a gang that defrauded international banks of hundreds of millions of pounds. Following a global investigation, the gang were arrested in 1978 at their headquarters in West London, England. During the trial, the prosecution asserted that the gang "could have wrecked the entire banking system of the Western World". The scam, possibly operating over a twenty-year period, was dubbed at the time as "the greatest fraud in banking history". (en)
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  • 'Henry's rule' (en)
  • Henry Oberlander (en)
  • I see some of the things that they are trying to do to stop counterfeits, but the newest anti-counterfeiting measures wouldn't be good enough to stop me if I went back to the old business. Nothing would stop me. (en)
  • Everyone is willing to give something for whatever it is they desire the most. (en)
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  • Henry Oberlander (born c. 1927) was the leader of the Hungarian Circle, a gang that defrauded international banks of hundreds of millions of pounds. Following a global investigation, the gang were arrested in 1978 at their headquarters in West London, England. During the trial, the prosecution asserted that the gang "could have wrecked the entire banking system of the Western World". The scam, possibly operating over a twenty-year period, was dubbed at the time as "the greatest fraud in banking history". The Hungarian Circle's success was due in part to the banks' own unwillingness to admit the crimes. The police were never able to trace much of the money stolen. Oberlander served only three years in prison for his crimes before settling in America. Due to the nature of the postwar era and the ease of border crossing, it was hard for police, journalists and historians to check or verify the stories of Oberlander and his gang. The Circle members took many aliases, nationalities, passports and backstories and were fleeing dozens of convictions in absentia across the world. (en)
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