H. Upmann controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1922
Bank-fraud allegations and collapse
Hermann and Albert Upmann were arrested after examiners found that depositor securities had allegedly been transferred or sold to support speculative investments. Albert’s charges and Hermann’s later criminal case were dropped, but the bank and cigar business entered bankruptcy.
1917
Wartime enemy-trading restrictions
The Upmann bank and family members were placed under United States enemy-trading restrictions after Cuba entered the First World War against Germany. The bank’s American assets were seized and the Cuban government suspended its operations.