This time it's stealing billions from the electronics company, Olympus; including $687 million for advice from a Cayman Island company that disappeared soon after cashing the check. (How do you cash a $687 million check, anyway?)
Apparently it's been going for decades. And the accounting firms paid to audit the books were most likely in on it. But anyway, after Enron, Madoff, Exxon, Worldcom, LTCM, Lehman Bros., Arthur Anderson, etc., it makes you wonder: what percent of the 1%'s money is obtained through outright fraud?
Apparently it's been going for decades. And the accounting firms paid to audit the books were most likely in on it. But anyway, after Enron, Madoff, Exxon, Worldcom, LTCM, Lehman Bros., Arthur Anderson, etc., it makes you wonder: what percent of the 1%'s money is obtained through outright fraud?