Scheme
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Scheme
Scheme is a podcast about accounting fraud. Not run-of-the-mill fraud like passing $200 of bad checks, but large-scale frauds involving millions of dollars that ruined people’s lives. Each episode discusses how a fraud was carried out, and what we can learn from it. Scheme is created and produced...
Neueste Episoden
17 Episoden
Episode 17: Waste Management
In the 1990’s, Waste Management was the largest garbage company in the world. What had begun as the dream of a Dutch immigrant had grown into a billi...
Episode 16: Yale Med School
Jamie Petrone-Codrington was living the high life. She owned 4 homes, 6 luxury cars, and traveled the world.
How did she fund such an extravaga...
Episode 15: Rollins, Inc.
The largest pest control company in the world is Rollins, Inc. Rollins has been very profitable, and its executives say the company is recession-proo...
Episode 14: Contempo
Finding a good controller isn’t easy. The controller is responsible for the company’s accounting, so you want someone who is an accounting expert. You...
Episode 13: Puda Coal
In 2009 Puda Coal was a successful company, with a little over $5 million in profit. But the company was about to expand in a major way. The Chinese...
Episode 12: Boom Global Media
One of the most difficult things about starting a business is getting clients. Customers don’t just walk in off the street and throw money at you, unl...
Episode 11: DHB Industries
David Brooks had it all. He’d taken a small company on the verge of bankruptcy and turned it into one of the world’s largest manufacturers of bulletp...
Episode 10: Take-Two Interactive Software
Grand Theft Auto is one of the best-selling video games of all time. If you’ve never played it, it’s a unique experience. You can do almost anything...
Episode 9: Cobalt Family Investors
It’s 2006, and you just received a phone call about an exciting opportunity in real estate development. A company called Cobalt has been acquiring, d...
Episode 8: Interpublic Group
In the early 2000’s, Interpublic Group was a successful advertising firm with over $6 billion in annual revenue. Interpublic had dominated the ad indu...
Episode 7: Capitol Investments
Nevin Shapiro was living the high life, and people assumed his high-roller lifestyle was funded by his business, Capitol Investments. But Shapiro’s bu...
Episode 6: Harvey, Illinois
Satish Gabhawala convinced the city of Harvey to raise $14 million from bond issuances to construct a hotel and 24-hour diner. However, 5 years later...
Episode 5: Equity Funding Corporation
Equity Funding Corporation of America reported strong growth for nearly a decade, culminating in a record profit in 1973. But just a few weeks later t...
Episode 4: American Bank Note Holographics
Just 6 months after American Bank Note Holographics' IPO, the company said it needed to restate its financials…A company that had been created to prev...
Episode 3: Electronic Game Card
Electronic Game Card had created an innovative new product. Sales were growing and the company was profitable. But there was something not quite rig...
Episode 2: Adelphia Communications
In March of 2002, Adelphia was the 6th largest cable TV provider in the U.S. But then the company made one tiny financial disclosure…and within 3 mon...
Episode 1: Homex
In 2013, Homex was the largest real estate development company in Mexico. But just one year later Homex was bankrupt, and under investigation by the...