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.
Boeing’s MCAS anti-stall system was inadequately tested and pilots weren’t trained on it. When it failed in two crashes, 346 people died. Here’s the full story.
Luckin paid employees to stage fake purchases, inflating revenue by $310 million. Here’s how short-sellers uncovered the fraud — and why Luckin Coffee still exists today.
SoftBank valued WeWork at $47 billion in early 2019. When it tried to go public, investors refused. Here’s exactly how the WeWork delusion was finally exposed to the world.
When Lehman Brothers filed for bankruptcy on September 15, 2008, it triggered the worst financial crisis since the Great Depression. Here’s the full story of how it happened.
FTX was the world’s second-largest crypto exchange. Here’s how Sam Bankman-Fried secretly transferred $8 billion in customer funds to his trading firm — and what happened next.
Enron created over 3,000 special purpose entities to hide debt off its balance sheet. Here’s how the company America called an innovation machine was really a massive fraud.