About the Video
Watch as I break down the biggest financial crimes in US history
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โฌ๏ธ Timestamps:
0:00 โ Introduction
0:31 โ The Enron Scandal
4:17 โ Bernard Madoff Ponzi Scheme
7:33 โ FTX
10:20 โ Savings & Loan Crisis (S&L)
12:50 โ Worldcom
14:32 โ Theranos
15:20 โ Well’s Fargo
16:16 โ Conclusion
Financial fraud is as prevalent today as it was over 100 years ago, when the Italian con artist Charles Ponzi was swindling investors out of their fortunes in one of the earliest high-profile financial scams ever recorded.
In this video, I explore and break down some of the most infamous financial frauds and crimes in US history, that had a massive impact on people’s lives and the economy, including the Enron scandal, Bernard Madoff Ponzi scheme, FTX’s downfall , Savings & Loan crisis, WorldCom’s accounting fraud, Theranos scandal, and Wells Fargo’s unethical sales practices.
From the collapse of once-prominent companies to the introduction of new legislation, these cases serve as stark reminders of the potential risks and pitfalls in the financial world and the importance of transparency, accurate reporting, and ethical conduct in safeguarding the interests of investors and the economy at large.
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