Fraud

The FlowTex Fraud: How Fake Oil Drills Swindled Germany In 1992, a German energy company had a bold vision: drill thousands of holes across Germany for…

How a Rogue Trader Sank Barings Bank in 1995 | Nick Leeson vs Risk Controls

Nick Leeson was supposed to be a back-office clerk at Barings Bank. Instead, he became the rogue trader who toppled Britain's oldest merchant bank in 1995.…

Enron: From Wall Street Darling to Debacle (2001) - QuickFinanceStories

Enron was the seventh-largest company in America. Fortune magazine named it "Most Innovative" six years in a row. Wall Street loved…

Bernie Madoff: The $65B Ponzi Unmasked (2008) - QuickFinanceStories

Bernie Madoff was a Wall Street legend. Former chairman of NASDAQ. Trusted by billionaires, celebrities, and…

Libor Rigging: When a Benchmark Was Bent (2012) - QuickFinanceStories

Every morning, the world's biggest banks answered one simple question: "What rate would you pay to borrow money?" Their answers set Libor. The London Interbank

Wirecard: The Missing €1.9 Billion (2020) - QuickFinanceStories

For years, Wirecard was Germany's fintech darling. A payments company that was supposed to be Europe's answer to PayPal. Valued at over 24 billion…