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CORPORATE FRAUD

CORPORATE FRAUD

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The collapse of the [CORPORATION] put thousands of employees out of work and cost investors billions in losses. [CORPORATION] has become the leading symbol of the corporate scandal.

Today, a jury in [CITY] convicted former [CORPORATION] executives [VISIONARY 1] and [VISIONARY 2] on multiple counts of fraud, conspiracy, and related offenses. The judge also convicted [VISIONARY 3] of bank fraud and false statements in a separate case tried to the bench.

[VISIONARY 1], [VISIONARY 2], and their numerous co-conspirators perpetrated an elaborate scheme to mislead analysts and investors about [CORPORATION]'s true financial picture. Their efforts to mislead the markets were protracted, deliberate and dishonest. At a time when the company was floundering, these defendants perpetrated a lie – that [CORPORATION] was a robust and growing company in the strongest financial condition it had ever been in. As they knew, the truth was something very different. [Source]

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