When he had not reappeared after some time, Loewenstein's secretary went in search of him and discovered that the lavatory was empty, and the aircraft's entrance door was open and flapping in the slipstream. On Loewenstein's Fokker, a door at the rear of the main passenger cabin opened on to a short passage with two doors: the one on the right led to the lavatory, while the one on the left was the aircraft's entrance door. While the aircraft was crossing the English Channel at an altitude of 4,000 ft (1,200 m), Loewenstein went to the rear of the plane to use the lavatory. On the evening of 4 July 1928, Loewenstein left from Croydon to fly to Brussels on his private aircraft, a Fokker F.VII trimotor, along with six other people. It is said that shortly before his death, Lowenstein made a deal with the gangster Arnold Rothstein to increase the supply of heroin into the United States by an amazing amount and create an international drug ring in Europe and the United States. However, Loewenstein was rebuffed in his attempt to take over a Canadian company called Barcelona Traction, Light, and Power, a huge operation building infrastructure in Brazil.Īlleged drug deal with Arnold Rothstein In 1926, he established "International Holdings and Investments Limited" that raised huge amounts of capital from wealthy investors wishing to get aboard his bandwagon of success. The British government made him a Companion of The Most Honourable Order of the Bath. By the mid-1920s, Loewenstein's reputation was such that he was consulted by heads of state from around the globe. Loewenstein also made an enormous fortune providing electric power facilities for developing countries worldwide through his Belgian-based company, " Société Internationale d'Énergie Hydro-Électrique" (SIDRO). His horses won the 19 runnings of the Grand Steeple-Chase de Paris. Loewenstein was an owner of a successful stable of Thoroughbred steeplechase race horses. He partnered with the investment house of Canadian-born Sir James Dunn in several business ventures, the duo emerging with more than £1,000,000 profit from their 1920s investment in British Celanese alone. At war's end, he maintained a residence in England where he ran an investment business that made him one of Europe's most powerful financiers. He offered his government in exile 50 million dollars, interest free, to stabilize the currency in return for the right to print Belgian francs. ![]() Loewenstein established his own banking concern, and was a wealthy man by 1914. Loewenstein was born to Bernard Loewenstein, a German-Jewish banker in Brussels, Belgium. 3 Alleged drug deal with Arnold Rothstein.
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