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© 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG
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COUNTRYWIDE COLLATERALIZE MORTGAGE OBLIGATIONS CMOS © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG Countrywide Collateralized Mortgage Obligations CMOs - (Sub Prime CMO's were at the center of the collapse of the housing market and the financial system in 2008)
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BEAR STEARNS COMPANIES INC. HISTORIC BAILOUT BY THE FEDERAL RESERVE © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG The Bear Stearns Companies, Inc., based in New York City, was one of the largest global investment banks and securities trading and brokerage firms prior to its collapse in 2008.
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TRUMP HOTELS AND CASINO RESORTS STOCK CERTIFICATE - DONALD TRUMP AS CHAIRMAN - 2004 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG Stock certificate from the bankrupt Trump Hotels and Casino Resorts, Inc. with a vignette of Donald Trump and a beachfront hotel in the background with printed signature of Chairman, Donald Trump.
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NEW MONTE CRISTO MINING CO. - DEATH VALLEY SIGNED BY INFAMOUS SWINDLER C. C. JULIAN - 1929 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG C. C. Julian was a swindler from Los Angeles which led to the largest financial fiasco in Southern California history. In fact, he was the main character of the book "The Great Los Angeles Swindle".
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BRE-X MINERALS LTD. STOCK FOR 1200 SHARES - HUGE CANADIAN GOLD MINING FRAUD - 1997 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG The Bre-X Minerals Ltd. Company was involved in one of the largest stock swindles in history. Its Indonesian gold property which reportedly contained over 200 million ounces was fraudulent..
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CONTINENTAL ILLINOIS CORPORATION - LARGEST U.S. BANK FAILURE IN THE 20TH CENTURY © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG In 1984, Continental Illinois became the largest ever bank failure in U.S. history, when a run on the bank led to its seizure by the Federal Deposit Insurance Corporation (FDIC).
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CRAZY EDDIE, INC. ( FAMOUS ELECTRONICS CHAIN STORE ) RARE SPECIMEN - 1989 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG In 1989 the Crazy Eddie chain suffered a major scandal when Eddie Antar and his family were accused and eventually convicted of skimming money and cooking the books and inflating inventory
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ENRON CORPORATION – KENNETH L. LAY AS CHAIRMAN INFAMOUS CROOKED E LOGO - 2002 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG May 25, 2006 - Enron former chief executive Jeffrey Skilling and founder Kenneth Lay were both found guilty Thursday of conspiracy and fraud in the granddaddy of all corporate fraud cases.
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ADELPHIA COMMUNICATIONS CORPORATION - HUGE FRAUD WITH JOHN J. RIGAS AS PRESIDENT © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG John Rigas, founder of Adelphia Communications, was indicted in September 2002 on charges of bank, wire, and securities fraud. John Rigas stepped down as CEO of the company in May 2002.
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COUNTRYWIDE FINANCIAL CORPORATION (MAJOR SCANDAL ACQUIRED BY B OF A )- DELAWARE © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG On June 4, 2009, the S.E.C. charged former CEO Angelo Mozilo with insider trading and securities fraud, and former COO David Sambol and former CFO Eric Sieracki with securities fraud for failing to disclose Countrywide's lax lending standards.
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EQUITY FUNDING SCANDAL - BILLION DOLLAR BUBBLE AUDITORS MISSED - ENRON OF THE 1970'S © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG Equity Funding changed the way the CPA firms audited clients and this case is taught in every basic auditing class as what to look for in frauds (Enron's auditors must have skipped this class).
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INTERNATIONAL MERCANTILE MARINE COMPANY - TITANIC OWNER NEW YORK 1908 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG International Mercantile Marine formed in 1902 by J.P. Morgan to run the White Star Lines. Names on certificate - J. P. Morgan, W. J. Pirrie, J. Bruce Ismay, Peter A. B. Widener & Charles Steele
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MF GLOBAL HOLDINGS LTD. (ISSUED TO GREEK TRAGEDY, INC.) - JON CORZINE AS CEO - MAJOR SCANDAL © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG In late October 2011, MF Global experienced a spectacular meltdown of its financial condition, directly caused by bad investments in Greek Debt..
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NEWS OF THE WORLD ( PRE RUPERT MURDOCH'S PHONE HACKING SCANDAL AND CLOSURE) - ENGLAND 1936 © 2016 ALL RIGHTS RESERVED – AMERICAN STOCK AND BOND COLLECTORS ASSOCIATION LLC – ASBCA- SCRIPOPHILYUSA.ORG It was announced on July 7, 2011 that, after 168 years, the newspaper would print its final edition following revelations of the ongoing phone hacking scandal, with the loss of 200 jobs.
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