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Crazy Eddie was a consumer electronics chain in the Northeastern United States. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar, and was previously named ERS Electronics (ERS stood for Eddie, Rose and Sam; Rose and Sam were Eddie's parents). The chain rose to prominence throughout the Tri-State area ...
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
According to the findings, New Jersey and Illinois tied for the highest foreclosure rate in the country for the first half of 2024, at 0.21% percent of housing units hit with a foreclosure filing ...
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $65 billion.
A counterfeit consumer good is a good —often of inferior quality—made or sold under another's brand name without the brand owner's authorization. The term counterfeit, fraudulent, and suspect items (CFSI) is also used to describe such goods. [2] Pirated goods are reproductions of copyrighted products used without permission, such as music ...
Echoing the dot-com boom, the information technology sector has swelled to 32% of the S&P 500's total market value, the largest percentage since 2000 when it rose to nearly 35%, according to LSEG ...
An EU Parliament study in October 2018 found that MTIC/carousel fraud is the most damaging type of cross-border VAT fraud with an estimated €50 billion losses on average per year. [22] On 16 May 2017, the Council of the EU adopted nine priorities for the fight against organised and serious international crime between 2018 and 2021.