Stavisky affair


Stavisky affair

(1934) French financial and political scandal. When bonds sold to working-class citizens by a credit organization run by the Russian-born swindler Serge A. Stavisky (1886–1934) were found to be worthless, Stavisky fled to Chamonix and allegedly committed suicide. Members of the right believed he had been murdered to cover up complicity with corrupt government officials. Demonstrations against the government by antirepublican groups, including the Action Française and the Croix de Feu, culminated in a riot on Feb. 6, 1934, which killed 15 people. Two successive prime ministers were forced to resign; a centrist coalition was eventually formed to restore confidence.

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