Fraud

Enron filed for bankruptcy on December 2, 2001, with 63.4 billion in assets, then the largest bankru...

WorldCom filed for bankruptcy on July 21, 2002, with 107 billion in assets, surpassing Enron as the ...

Barings Bank, the oldest merchant bank in London, collapsed in February 1995 after trader Nick Leeso...

Bernie Madoff operated the largest Ponzi scheme in history, estimated at 65 billion in paper wealth....

FTX, once the third largest cryptocurrency exchange, filed for bankruptcy on November 11, 2022. Foun...

Theranos was valued at 9 billion before collapsing when it was revealed that its blood testing techn...

Connaught Income Fund Series 1 collapsed in 2012, losing 118 million of investor money. The fund was...

The Bank of Credit and Commerce International was shut down by regulators in seven countries on July...

London and County Securities Bank collapsed in December 1973 during the UK secondary banking crisis....

Drexel Burnham Lambert filed for bankruptcy on February 13, 1990. Drexel was the fifth largest inves...

Refco, one of the largest commodities brokers in the US, filed for bankruptcy on October 17, 2005, j...

WorldSpreads, a spread betting company, collapsed in March 2012. The company had 29.7 million in cli...

HIH Insurance collapsed in March 2001 in what was then the largest corporate failure in Australian h...

Wirecard filed for insolvency on June 25, 2020. The German payment processor had been valued at 24 b...

NMC Health collapsed in April 2020 after short seller Muddy Waters Capital questioned its financials...

Luckin Coffee was revealed to have fabricated 310 million in sales in April 2020. The Chinese coffee...

Steinhoff International, a South African furniture retailer, disclosed accounting irregularities in ...

MF Global filed for bankruptcy on October 31, 2011. The brokerage was led by Jon Corzine, former CEO...

Peregrine Financial Group, also known as PFG Best, filed for bankruptcy on July 10, 2012. CEO Russel...

Refco concealed its true financial condition through a complex scheme involving a related party. CEO...

Adelphia Communications filed for bankruptcy on June 25, 2002. The company was the fifth largest cab...

Tyco International CEO Dennis Kozlowski was indicted in June 2002 for stealing 600 million from the ...

Axis Bank, one of Indias largest private banks, faced a major fraud investigation in 2018. Employees...

Punjab National Bank, Indias second largest public sector bank, disclosed a 1.8 billion fraud in Feb...

Theranos investors lost over 700 million. Rupert Murdoch lost 125 million. The Walton family lost 15...