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biggest_scams [2021/09/13 04:30] eziothekilla34 |
biggest_scams [2021/09/13 04:38] eziothekilla34 |
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- | In 2000, a man called Emanuel Pinez received a jail term of five years and was forced to repay $150 million for the swindle by his firm, Centennial Technologies Inc. It was the lead performer on the New York Stock Exchange just four years earlier in 1996. Among other scams, earnings were exaggerated from a PC memory cardmaker, who once even sent fruit baskets at Christmas and gave the clients the gifts. Approximately 20,000 investors have lost 50 million dollars. | + | In 2000, a man called Emanuel Pinez received a jail term of five years and was forced to repay $150 million for the swindle by his firm, Centennial Technologies Inc. It was the lead performer on the New York Stock Exchange just four years earlier in 1996. Among other scams, earnings were exaggerated from a PC memory cardmaker, who once even sent fruit baskets at Christmas and gave the clients the gifts. Approximately 20,000 investors have lost 50 million dollars. |
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+ | ===== Reed Slatkin ===== | ||
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+ | In 2002, Reed Slatkin pled guilty to fifteen charges for a 15-year Ponzi regime that snapped 800 rich investors who had deposited about $600 million. EarthLink' | ||
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+ | ===== Enron ===== | ||
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+ | Like Keating in the 80's, the Enron brand has been used to represent Wall Street' | ||
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+ | ===== Tyco ===== | ||
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+ | Dennis Kozlowski (Tyco CEO) and a number of key employees in 2002 were accused with fabricating reports using Enron-esque accountancy, | ||
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+ | ===== Worldcom ===== | ||
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+ | In 2002, the WorldCom telecom company filed bankruptcy on account of its participation in the Enron crisis only one month after its auditor, Arthur Andersen LLP, was convicted. With simple but successful deception, the firm collapses and loss for investors after Tyco and Enron even faded. CEO Bernard Ebbers was condemned to 25 years' imprisonment by WorldCom executives who exaggerated revenue and cash flow with a list of costs for investment. [([[https:// | ||
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+ | ===== HealthSouth ===== | ||
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+ | HealthSouth was formerly one of the world' |