Phönix Insurance Scandal

Following shortly after the death of their beloved general director Wilhelm Berliner, Phönix Insurance has run into further troubles. Falsified balance sheets have been brought to the government's attention by newly appointed director Eberhard Reininghaus exposing a deficit dating back to 1929, reaching upwards of 250 million schillings. The company has declared bankruptcy and has immediately ceased operations. The ever so popular War-Participant Insurance has come to an abrupt end causing outcries from many of those who have come to depend on the insurance payouts