Company Frauds So Terrible You Won’t Believe They Actually Happened

Lehman Brothers Loses The Country’s Trust

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In 2007 Lehman Brothers was ranked as the most admired security firm in the United States. One year later that reputation crashed through the floor when the company filed for bankruptcy after years of fraudulent activity were revealed.

During the bankruptcy, it was revealed that Lehman Brothers had had over $50 billion in loans disguised as sales. They did this by selling toxic assets to Cayman Islands banks, claiming they would buy them back. You know, eventually. Ultimately, the company didn’t just go bankrupt, they were forced into the largest bankruptcy in American history. Unfortunately, the SEC was unable to press legal charges due to a lack of evidence.

The founder of Satyam took a different approach to getting caught!