Category Archives: Articles

The Mississippi Scheme was a financial fraud that occurred in France in the early 18th century. The scheme was orchestrated by John Law, a Scottish economist, and banker, who proposed to the French government to establish a national bank and … Continue reading →

What is Parmalat? Parmalat is an Italian multinational dairy and food corporation that was founded in 1961. At its peak, the company was worth over $14 billion, making it one of the largest food companies in the world. However, in … Continue reading →

What was Satyam Computer Services Satyam Computer Services, once considered a leading IT company in India, made headlines in 2009 for what was then described as India’s biggest accounting fraud. The company, founded by Ramalinga Raju in 1987, provided IT … Continue reading →

Victims of financial crimes, such as fraud or embezzlement, often face a difficult decision when it comes to taking legal action against the perpetrators. Despite being victims of theft or deceit, many choose to remain silent and do not report … Continue reading →

What was Peregrine Financial Group? Peregrine Financial Group (PFG), also known as PFGBest, was a futures brokerage firm that collapsed in 2012 due to fraudulent activity. The company was founded in 1980 by Russell Wasendorf Sr. and grew to become … Continue reading →

What was Olympus Corporation In October 2011, Olympus Corporation, a Japanese multinational company known for its production of optical and reprography products, was rocked by a scandal that exposed years of financial misreporting and cover-ups. The scandal shocked the business … Continue reading →

What was HealthSouth? HealthSouth was a leading provider of outpatient surgery, diagnostic imaging, and rehabilitation services in the United States. The company was founded in 1984 by Richard Scrushy and grew rapidly to become a Fortune 500 company. However, in … Continue reading →

Barings Bank was one of the oldest banks in Britain, with a history dating back to 1762. However, in 1995, the bank collapsed due to the actions of one man: Nick Leeson. This collapse was not only a financial disaster … Continue reading →

The collapse of Lehman Brothers in 2008 marked the beginning of the global financial crisis, and its fallout had far-reaching implications for the financial industry and the wider economy. The failure of the investment bank, which had been in operation … Continue reading →

In the early 2000s, Tyco International, a multinational conglomerate, was hit with a massive accounting scandal that resulted in the conviction of its CEO and CFO. The scandal involved widespread accounting fraud and embezzlement that cost investors billions of dollars … Continue reading →