Global Crossing: The $47 Billion Telecom Giant That Collapsed Overnight
Global Crossing collapse: how the fiber optic company burned through $22 billion building undersea cables before going bankrupt in the dot-com bust.
Global Crossing collapse: how the fiber optic company burned through $22 billion building undersea cables before going bankrupt in the dot-com bust.
ZZZZ Best fraud: how teenage con artist Barry Minkow built a $200 million carpet cleaning empire entirely on fabricated revenues and fake insurance jobs.
Sunbeam fraud: how “Chainsaw Al” Dunlap used channel stuffing and accounting tricks to inflate revenues before the company collapsed.
Waste Management accounting scandal: how the company inflated earnings by $1.7 billion, launching the downfall of auditor Arthur Andersen.
Refco collapse: how the commodities brokerage hid $430 million in bad debts, imploding just two months after its IPO.
BCCI scandal: how the Bank of Credit and Commerce International became the world’s most corrupt bank, laundering money for dictators and drug cartels.
Société Générale rogue trader scandal: how Jérôme Kerviel racked up $7.2 billion in losses through unauthorized trades, the largest in banking history.
Adelphia Communications fraud: how the Rigas family looted $2.3 billion from their own cable company and hid billions in debt from investors.
Nortel Networks scandal: how the telecom giant cooked its books during the dot-com bust, wiping out $360 billion in shareholder value.
Barings Bank collapse: how rogue trader Nick Leeson single-handedly destroyed the world’s oldest merchant bank with $1.3 billion in unauthorized trades.