| Finbar B. Kenny | |
|---|---|
| Born | (1917-03-03)March 3, 1917 |
| Died | January 13, 2010(2010-01-13) (aged 92) |
| Nationality | American |
| Occupation | Philatelist |
Finbar B. Kenny (3 March 1917 – 13 January 2010) was an American philatelist and businessman.
Kenny worked as manager of the stamp department of Macy's. He arranged the sale of the unique British Guiana 1c magenta in 1940, and continued to look after it for the next thirty years, often being mistaken for its owner.
In the 1960s, Kenny made deals with a number of the Trucial States in order to print stamps on their behalf for sale to collectors. These Dune Stamps consisted of large numbers of brightly colored stamps whose topics had little or no relationships to their issuing countries. The arrangement ended when the United Arab Emirates was formed in 1971. Today, collectors generally ignore them.
In 1965, Kenny was hired by the Prime Minister of the Cook Islands, Sir Albert Henry, to print stamps for collectors. Kenny's firm, Cook Islands Development Company, a subsidiary of his Kenny International Corporation, had the exclusive franchise as the nation's overseas postal agent, and splits the profits 50–50 with the government. In 1978 Henry asked Kenny for an advance of $337,000 on the next year's philatelics revenue to finance his re-election campaign. Henry used the money to fly voters in to the country, even though the money had been earmarked for the nation's old age pension scheme. The Chief Justice of the time, Sir Gaven Donne, nullified the extra votes and installed Thomas Davis as Prime Minister. In 1979, Kenny became the first American to plead guilty of violating the 1977 Foreign Corrupt Practices Act, which prohibits Americans from paying bribes overseas to increase business. The courts considered the advance a bribe, and Kenny was fined $50,000. He also returned the $337,000 to the Cook Islands government.
References
- "The Story of the World's Most Famous Stamp from 1922 to the Present". Sotheby's. Retrieved 26 April 2018.
- Barron, James (2017). The One-Cent Magenta, Inside the Quest to Own the Most Valuable Stamp in the World. Chapel Hill: Algonquin Books. pp. 147–156. ISBN 9781616205188.
- Crompton, Paul (9 November 2016). "Stamps tell the UAE's story". Gulf News. Archived from the original on July 19, 2023. Retrieved 26 April 2018.
- ^ McBride, Stewart (4 March 1982). "The case of the airmailed voter and other tales of the Cook Is". Christian Science Monitor. Archived from the original on September 22, 2015. Retrieved 27 April 2018.