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The Coco Levy Fund Scam was a controversy in the 1970s and 1980s in the Philippines involving former President Ferdinand Marcos and his cronies.It was alleged that Marcos, Danding Cojuangco, Juan Ponce Enrile, and others conspired to tax coconut farmers, promising them the development of the coconut industry and a share of the investments, but on the contrary used the collection fund for ...
SyCip Gorres Velayo & Company (branded as SGV & Company) is a Philippine multidisciplinary professional services firm.. As of 2014, SGV & Company has employed over 3,000 professionals from various disciplines, including Certified Public Accountants, legal professionals, economists, human resource professionals, engineers, statisticians, financial analysts, and other business and technical experts.
The Kapa-Community Ministry International ( Cebuano: Kabus Padatuon, lit. 'enrich the poor'; a.k.a Kapa) was one of the biggest financial investment fraud scandals in Philippine history. An estimated five million people including Noel were duped by the religious company Kapa-Community Ministry International, which promised a 30% monthly return ...
The firm declared bankruptcy in 1983 and was revealed to have been a Ponzi scheme which defrauded over 400 investors of more than $22 million. [28] Rewald claimed that he had been operating the firm as a front for the U.S. Central Intelligence Agency. [29] Rewald was convicted and sentenced to 80 years in prison; he was paroled in 1995. [30]
The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia . Danatbank. Germany.
Pharmally scandal. Pharmally Pharmaceutical Corp. became involved in a scandal over allegations of overpriced medical supplies it supplied to the government for the latter's response to the COVID-19 pandemic in the Philippines. The Blue Ribbon Committee of the Senate of the Philippines launched an investigation into the matter and uncovered ...
An influential politician in the Philippines, who has been a cheerleader for natural gas power, is behind a company that planned to make a fortune from it, an Associated Press investigation of ...
The trial of Philippine president Joseph Estrada ( People of the Philippines v. Joseph Estrada, et al., 26558 Sandiganbayan, September 12, 2007) took place between 2001 and 2007 at the Sandiganbayan. Estrada, popularly called Erap, resigned from office in 2001 during a popular uprising in Metro Manila after an aborted impeachment trial in which ...