Author name: mattwessels

“Looks like Usain Bolt’s financial advisor was running a little too fast with his money! Lawyers for the world’s fastest man say that over $12.7 million is missing from his account with a private investment firm in Jamaica that authorities are currently investigating. According to Attorney Linton P. Gordon, Bolt’s account once had $12.8 million […]

In the early 2000s, Tyco International, a global conglomerate that operates in various industries including security systems, healthcare, and industrial products, found itself in a sticky situation. The company was at the center of a major accounting scandal that came to light in 2002, resulting in the conviction of Tyco’s former CEO, Dennis Kozlowski, and

In 1981, a group of tech-savvy entrepreneurs founded Peregrine Systems Inc, a software company that specialized in providing software solutions for IT asset management and service management. The company went public in 1997 and enjoyed rapid growth and success, becoming one of the leading software companies in its field. But little did the world know,

In 1952, John Rigas, a war veteran and construction tycoon, stumbled upon the idea to enter the cable television industry and founded Adelphia Communications Corp. With his aggressive business strategy, the company quickly became one of the biggest cable providers in the United States, with over 5 million subscribers. But little did they know, the

WorldCom was the telecommunications company that had it all: over 60,000 employees, operations in more than 65 countries, and a stock price that was soaring higher than a kite on a windy day. But, in 2002, the company’s bubble burst when it was revealed that executives had been cooking the books. It all began in

Enron was once the seventh largest company in the United States, with over 21,000 employees and operations in more than 40 countries. However, in 2001, the company filed for bankruptcy after it was revealed that executives had engaged in a massive accounting fraud, it was like a game of Monopoly, but instead of jail, they

The HealthSouth Corporation was a leading provider of outpatient surgery, diagnostic imaging, and rehabilitation services in the United States, it was founded in 1984 by Richard Scrushy, the company grew rapidly, operating in over 2,000 locations across the country. However, in 2003, it was revealed that the company had been involved in a massive accounting

The Bernard Madoff Ponzi Scheme, also known as the “Greatest Heist in History”, was a fraudulent investment scheme that defrauded thousands of investors out of billions of dollars over the course of decades. The mastermind behind the scheme was financier Bernard Madoff, who convinced his victims that he was using a special, secret investment strategy