Product Description

The true story of the greatest counterfeiting scheme in history and the men the Nazis called upon to help it succeed--a group of concentration-camp Jews.

Only a fortnight after the start of World War II, at a meeting that has remained a secret for more than half a century, Nazi leaders and officials of the German Reichsbank approved an audacious plot to counterfeit millions of British pounds. Now, drawing upon top-secret bank records, German and British correspondence, and interrogation transcripts, award-winning journalist and author Lawrence Malkin reveals how an unremarkable SS officer named Bernhard Krueger attempted to bring down the world financial system. But when Krueger discovered that forging pounds, and later dollars, was no easy task, he made a crucial decision: he would seek out the greatest counterfeiters of prewar Europe and enlist them in the effort. He found them in an unexpected place: a Nazi concentration camp.

Product Details

• Amazon Sales Rank: #702646 in Books
• Published on: 2006-10-12
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 304 pages

From Publishers Weekly
Former Time correspondent Malkin tells a remarkable, little-known story from WWII: the Nazis' use of concentration camp prisoners to produce counterfeit British (and later American) currency and dump it to sabotage the Allied economies. Some readers might find Malkin's setup a bit slow, but the main events, deeply researched and tautly narrated, form a tale of opportunism made for a movie. The Nazis realized the labor could be drawn from concentration camps, and the prisoners realized that volunteering for the effort could save their lives. At the height of the operation, headed by SS officer Bernhard Krueger, the Jewish prisoners produced 650,000 notes a month. The counterfeiting helped finance some Nazi spy efforts, as well as other parts of the Reich's war machine, but it failed to bring down the Allies. As gripping as the tale of Operation Bernhard is, the story of how the Jewish counterfeit brigade—most of them prisoners at Sachsenhausen—survived the waning days of the war is even more so. 8 pages of b&w photos, 2 maps. (Oct. 12)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From Booklist
In 1939, two weeks after the onset of World War II, the germination of a counterfeiting plan was launched in Berlin. The goal was to cause chaos in the British economy by spreading millions of phony banknotes across Britain. Such plans were hardly unique in wartime; they were rarely effective, and never a major factor in determining victory or defeat. This plan would be no exception. What made the plan worthy of attention was the fact that the men relocated to perform the actual counterfeiting were pulled out of concentration camps (including death camps) and gathered at the "work camps" of Sachenhausen. Eventually, 140 prisoners from 15 different nations worked under the command of S.S. Officer Bernhard Krueger. Krueger was no monster; rather, he was a typical careerist who treated the prisoners humanely as a practical manner. Still, conditions at Sachenhausen were harsh, especially when Krueger's men ran afoul of a pair of sadistic guards. Malkin, a journalist and foreign correspondent, has written an engrossing and often inspiring chronicle of an obscure episode of the war. Jay Freeman
Copyright © American Library Association. All rights reserved

Review
'Larry Malkin has written so thrilling, so fascinating, so precise a sstory of the Nazi counterfeiting of British pound notes that he might just find himself thrown into jail' - David Kahn, author of The Codebreakers 'The compelling story of the Third Reich's attempt to wreck the British economy...thorough research and authoritative voice enable this fascinating chapter of history to hold interest. Gripping proof that indeed all is fair in love and war' - Kirkus Reviews

Customer Reviews

Fascinating Historical Account
It was one of Nazi Germany's top-secret operations. It was the most humiliating episode in the Bank of England's history. It saved dozens of Jewish artisans from the chimneys.

Operation Bernhard was the massive counterfeiting plot designed to destroy England's economy--and the financial wellbeing of any other nation that dared to defy the Third Reich. With the failure of its predecessor, Operation Andreas, Operation Bernhard sought talent from an unlikely source. SS Officer Bernhard Krueger selected his crew of counterfeiters from concentration camps. Some of the men were only hours away from death when they were recruited for the scheme. Printers, lithographers, artists, and others with related skills were brought to Block 19 at Sachsenhausen.

While he was nothing like Oscar Schindler, Krueger saw the sense of treating his men like human beings. Decent food and clothing meant so little to those used to it, but it meant far more to those who had been denied the most basic of necessities. Such treatment will buy respect, if not some form of loyalty.

Author Lawrence Malkin's in-depth research delves into a lesser-known facet of WWII and Nazi Germany. The first several chapters provide information of the events leading to the formation of Operation Bernhard. These chapters are somewhat slow, but they are essential to understand the remaining narrative, which grows intriguing andcompelling.

KRUEGER'S MEN would be an excellent reading choice for students of WWII history, as well as any fields that could benefit from the study of a complex crime ring.

Whether a student or casual purveyor, this book is a fascinating study of brilliance and diligent work put to an unsavory use.

Reviewed by Christina Wantz Fixemer
10/25/2006

True World War II story that might shock you
Since the first coins were minted, men have tried (the vast majority of the time unsuccessfully) to make themselves rich by counterfeiting the world's currencies for their own prosperity. Nations too, have used the tactic in time of war for the last two thousand years with little success.

Lawrence Malkin's historical Krueger's Men, details probably the single most successful effort of a nation or state's attempt to devalue another nation's currency in time of war.

From the earliest months of World War II, Nazi Germany plotted to counterfeit one of the history's premier and most stable currencies, the British pound. Through a series of fits and starts, Heinrich Himmler and the vaunted SS hit upon a solution that would haunt the Bank of England for half a century.

What started as an experiment--with a motive of devaluing the currency of the last-standing free country of Europe--sent tremors through the shattered economies of nearly every country in Europe.

Krueger's Men explains in startling detail how the prisoners broke down the Bank of England notes to the microscopic level and eventually produced British bank notes so perfect that many were taken as real by the bank itself!

Millions of pounds worth of forged notes were surreptitiously circulated through a variety of money launderers scattered all around the European continent. This played havoc with British currency that at the inception of hostilities traded at four pounds to the US Dollar.

By the end of the war, the exchange rate was one for one and many British citizens refused legitimate bills when tendered because of the known scheme to undermine their own currency. One has to wonder whether, given enough time, would the British economy have survived?

To understand the scope of the deception, it wasn't until a little over two years ago that the Bank Of England finally admitted that its currency had been forged during the war.

Lawrence Malkin has done extensive research as the epilog, notes, bibliography and appendixes will testify.

Krueger's Men exposes one of the greatest dark secrets of Nazi deception, the will to live of the men pressed into service at the camps, and a victor's unwillingness to admit the truth.

Armchair Interviews: An amazing true story of World War II.

If you see "The Counterfeiters" read this book
An excellent companion piece for the Academy Award-wining (Best Foreign film 2008) "The Counterfeiters." This book will take you behind the scenes on how the operation was organized and executed beyond the confines of the concentration camp. The insights into how the Bank of England dealt with the waves of fake pound notes (bottom line - they didn't) are especially interesting.