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Bad Gays

Marthe Hanau

Bad Gays

Huw Lemmey & Ben Miller

History

4.6842 Ratings

🗓️ 2 April 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Marthe Hanau built a several-hundred-million-franc financial powerhouse: which turned out to be a fraud. Her investors had been promised returns of 8% interest on savings and in investments forty percent a year —but by the time she died in prison, they were owed a hundred and fifty five million francs. Some people even credit her spectacular swindle to the political confluence that brought Leon Blum and his popular front to power in France at the end of the 1930s. This is the fascinating tale of just how far one woman was able to go to accumulate wealth and power by any means necessary. Click here to subscribe to our monthly podcast "Extra Bad Gays" and support the work we do to make the show. ----more---- SOURCES: Stéphanie Bee, "La Bancquiére des Annès Folles," Univers-L, January 11, 2020, https://www.univers-l.com/portrait_marthe_hanau.html Janet Flanner, "The Swindling Presidente," The New Yorker, August 18, 1939, https://www.newyorker.com/magazine/1939/08/26/annals-of-crime Paul Jankowski, Stavisky: A Confidence Man in the Republic of Virtue (Ithaca: Cornell University Press, 2002). Dean Jobb, "The Ponzi of Paris," CrimeReads, December 3, 2021, https://crimereads.com/marthe-hanau-paris-ponzi-confidence-woman/ Rod Kedward, La Vie en Bleu - France and the French since 1900 (London: Allen Lane, 2005). Wilfried Knapp, France--partial Eclipse: from the Stavisky Riots to the Nazi Conquest (London: Macdonald, 1972). Our intro music is Arpeggia Colorix by Yann Terrien. Our outro music is by DJ Michaeloswell Graphicsdesigner

Transcript

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0:00.0

Hello and welcome to Season 7, Episode 7 of Bad Gays, a podcast all about evil and complicated queer people in history.

0:22.1

My name's Hugh Lemmy. I'm a writer and author. And I'm Ben Miller, a writer, researcher,

0:26.8

and member of the board of the Shvulles Museum in Berlin. So last week we talked about John Wickgift,

0:32.2

the Archbishop of Canterbury, who feathered his own nest while also persecuting his Puritan rivals in the Elizabethan Church

0:39.0

of England. Who are we talking about this week, Ben? Well, this week's story has everything. It has

0:44.8

fast cars, vast quantities of jewelry, casinos, the dazzling nightlife of 1920s France, and lesbian swindlers.

0:55.3

Sounds like a Bond film.

0:57.5

So I think a good place to start is with the December 5th, 1928 issue of The Guardian,

1:04.4

which carried the following headline.

1:06.7

And the story here was so important, considered so important, to the Guardian's readers,

1:11.1

that the Guardian had actually sent its own correspondent to France to cover the story.

1:16.2

Swindling charges in Paris, it read.

1:18.8

Woman and her former husband arrested political interest.

1:22.9

So in the early hours of the morning, after an all-night watch had been kept on their houses,

1:28.6

the police had arrested Madame Martha Hannaau, the proprietress of the Gazette du Franque and her business associate and former husband, Monsieur Lazard Bloch.

1:39.7

Okay.

1:39.9

Now, this was a stunning downfall for a woman who had once driven from her chic Paris address to her seaside villa dripped in jewels.

1:48.2

This was a woman who had built a several hundred million franc financial powerhouse,

1:53.4

and she used her newspaper, Le Gazette de Franc de Nations, to promote her get-rich schemes.

1:59.2

And she often advertised these schemes with photographs of world leaders, including

2:03.0

U.S. President Calvin Coolidge and even Mussolini.

2:07.0

Wow, okay.

...

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