Inflated earnings seem to be at the heart of most corporate financial fraud cases, and HealthSouth is a good example. The SEC accused the Birmingham, Alabama-based health care services company of inflating its earnings by $1.4 billion from 1999 to 2002, primarily to satisfy stockholder expectation...
Businesses face legal scandals for financial misconduct, from crypto scams to money laundering. In this article, we'll be looking at some of the most shocking cases of accounting fraud and how you can adhere to financial regulations and protect your livelihood as a business owner. FTX F...
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What Robert Mueller learned from one of the biggest fraud cases in American historyJesse Eisinger
Although the data is believed to have been fully released on the dark web, no cases of identity or financial fraud have occurred yet. Medibank also urged customers to stay vigilant on credit checks and phishing scams to ensure that they do not become victims, and the health giant invested ...
Greg Hunter’s USAWatchdog.com Financial analyst and stock trader Gregory Mannarino says pay no attention to the rising stock market because it is “fake.” Mannarino says, “The manipulation is absolutely epic. We have never seen anything like it. There
Chinese police closed 168,000 cases of financial crime and recovered 35.6 billion yuan (5.2 billion U.S. dollars) last year, the Ministry of Public Security announced on Monday. Qihoo 360 cracks ransomware virus The unprecedented spread of ransomware that has swept across more than 100 countries...
Final Thoughts About The Most Prominent Fraud Cases The impact of these fraudsters and their scams extends beyond financial losses. They erode trust in financial systems and institutions, necessitate tighter regulatory scrutiny, and often result in lasting changes to laws and industry practices. Yet, ...
s highly leveraged trading strategies that failed to pan out. Ultimately, LTCM had to be bailed out by a consortium of Wall Street banks in order to prevent systemic contagion. If LTCM had gone into default, it would have triggered a global financial crisis due to the massive write-offs ...
in October 2011, two U.S. Army Corps of Engineers employees were arrested and charged with fraud for takingkickbacks, estimated at over $20 million. Kerry Khan and Michael Alexander are accused of taking bribes from contractors in exchange for being awardedlucrativegovernment contracts, ...