How Elizabeth Holmes Convinced the World Her $9 Billion Blood Test Was Real
Theranos raised $900 million on technology that never worked. Here’s exactly how Elizabeth Holmes kept the lie going for over a decade — and who helped her do it.
Fraud & Deception
The con artists, fraudsters, and deceivers who fooled the world.
How Nikola Raised $3 Billion on a Hydrogen Truck That Was Just Rolling Downhill
Nikola’s famous demo video showed a working truck. It was just coasting downhill. Here’s how Trevor Milton raised $3 billion on fundamentally faked technology.
How Bernie Madoff Ran a $65 Billion Ponzi Scheme for 17 Years Undetected
Bernie Madoff ran history’s largest Ponzi scheme for 17 years, survived multiple SEC inspections, and fooled every major bank. Here’s exactly how he pulled it off.
How Luckin Coffee Faked 40% of Its Sales to Reach a $12 Billion Valuation
Luckin Coffee inflated sales by 40% to justify its $12 billion valuation. Here’s how it staged fake customer transactions — and why the company still operates today.
How Sam Bankman-Fried Lost $32 Billion in Customer Funds in Just 72 Hours
FTX collapsed in under 72 hours after $8 billion in customer funds were secretly transferred to Alameda Research. Here’s the full inside story of how it happened.
How Enron Used Fake Partnerships to Hide $1 Billion in Debt From Investors
Enron created hundreds of special purpose entities to hide $1 billion in debt off its balance sheet. Here’s exactly how the fraud was built — and how it fell apart.
How the Abraaj Group Stole Millions From a Fund Built to Fight Poverty
Abraaj raised $14 billion marketing itself as ethical private equity. Here’s how its founder secretly diverted funds meant for healthcare in the developing world — and how it all unraveled.
The Parmalat Scandal: How a €14 Billion Bank Account Turned Out Not to Exist
Parmalat’s auditors found a €3.9 billion Bank of America account that Bank of America said didn’t exist. Here’s how Europe’s biggest accounting fraud finally unraveled.
Wells Fargo Fake Accounts: How a Culture of Fear Created 3.5 Million Unauthorized Accounts
Wells Fargo employees opened accounts customers never asked for to hit impossible sales targets. Here’s how the bank’s toxic culture created one of America’s biggest banking scandals.
The CEO Who Billed a $6,000 Shower Curtain to Shareholders: The Full Tyco Story
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.