Okay, Read This One CAREFULLY.

From Tales of Suspense #46:

So Iron Man defeats the Crimson Dynamo by faking a tape of his boss ordering his death.

Forgetting the rather interesting idea that ol’ Crimsy can’t tell his boss’s voice from Iron Man, let me share that real twist with you.

Iron Man gets The Crimson Dynamo a job at Stark Enterprises.

Let’s see… forge evidence, then trick the guy into not only defecting, but coming to work for you in your secret ID.

And the Communists are supposed to be the double-dealing, treacherous ones?

Marvel actually followed through on this when they introduced the second Crimson Dynamo.