The Ledger 
AIG’s London office wrote $440 billion in credit default swaps with no capital backing. When markets turned, the US government spent $185 billion to bail it out.
Valeant didn’t develop drugs — it bought them and immediately raised prices up to 500%. Here’s how a $90 billion pharma company turned price-gouging into a business model.
Tyco CEO Dennis Kozlowski used company funds for a $6,000 shower curtain, a $2 million birthday party, and $400 million in unauthorized pay from shareholders.
The largest Ponzi scheme in history ran inside a legitimate brokerage for 17 years. Bernie Madoff fooled every major bank and passed multiple SEC inspections.
Celsius promised up to 18% APY on crypto deposits. When the market fell, it froze $4.7 billion in customer funds and filed for bankruptcy. Here’s the full inside story.
Bear Stearns was the first major bank to fall in the 2008 financial crisis. Here’s how 85 years of investment banking history ended in a single chaotic weekend.
WorldCom’s CFO reclassified $3.8 billion in operating expenses as capital expenditures to inflate profits. Here’s exactly how the accounting fraud was constructed and exposed.
Eddie Lampert bought Sears and Kmart, merged them, starved them of investment, and sold off the real estate. Here’s how America’s greatest retailer was slowly dismantled.
Nikola’s promotional video showed a hydrogen truck moving under its own power. It wasn’t. Here’s how Trevor Milton raised $3 billion on fundamentally faked technology.
VW installed defeat device software in 11 million cars that passed emissions tests in labs but polluted 40x the legal limit on roads. Here’s the full Dieselgate story.