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Yukos 2003: Selective Enforcement & Retroactive Tax Assessment │ GP/LP Analysis - 3 Red Flags│ EP45 T2
Season 2 Episode 45
In 2003, every signal that distinguished the Yukos proceedings from a legitimate tax enforcement action was in the public record. The transfer pricin…
1 month, 2 weeks ago
Yukos 2003: How Russia Used a Tax Bill to Seize a $45 Billion Oil Company Without Passing a Single Law — EP45 T1
Season 1 Episode 45
In October 2003, Russian authorities arrested the richest man in Russia on a Siberian airport tarmac. No expropriation decree. No nationalization law…
1 month, 2 weeks ago
Satyam 2009 : Promoter Share Pledge Concealment & Dual Parallel Fraud │ GP/LP Analysis - 3 Red Flags │EP44 T2
Season 2 Episode 44
In 2009, Satyam's balance sheet showed over one billion dollars in cash. The auditor had signed. The confirmations had been received. None of it was …
1 month, 2 weeks ago
Satyam 2009 : He Confessed in an Email. $1 Billion in Cash That Never Existed, and a Shareholding Register That Was Never Accurate — EP44 T1
Season 1 Episode 44
In January 2009, Ramalinga Raju sent his board an email before the market opened. One billion dollars on the balance sheet didn't exist. The promoter…
1 month, 2 weeks ago
HealthSouth 2003: Multi-CFO Complicity Chain & Tone at the Top │ GP/LP Analysis - 3 Red Flags│ EP43 T2
Season 2 Episode 43
HealthSouth's $2.7 billion earnings fraud didn't run through one bad actor. It ran through five consecutive CFOs, a finance department with its own i…
1 month, 2 weeks ago
HealthSouth 2003 : Five Consecutive CFOs Fabricated the Same Earnings. All Under the Same Instruction— EP43 T1
Season 1 Episode 43
In 2003, five consecutive CFOs of the same public company admitted to fabricating earnings — not one rogue accountant, not one bad quarter covered up…
1 month, 2 weeks ago
Tyco International 2002 : Compensation Committee Capture & Executive Loan Forgiveness │ GP/LP Analysis - 3 Red Flags │ EP42 T2
Season 2 Episode 42
In 2002, Tyco International's CEO extracted $400 million from a Fortune 500 company using a mechanism the compensation committee authorized, the audi…
1 month, 2 weeks ago
WorldCom 2002: Expense Capitalization & Acquisition Currency Collapse │ GP/LP Analysis - 3 Red Flags │ EP41 T2
Season 2 Episode 41
In 2001, three signals in WorldCom's public filings identified the fraud before any regulator, analyst, or auditor acted on it. Capital expenditure g…
1 month, 2 weeks ago
Tyco International 2002 : He Stole $400 Million From His Own Company. The Board Approved Every Dollar — EP42 T1
Season 1 Episode 42
In 2002, Tyco's CEO Dennis Kozlowski was indicted for stealing $400 million from his own company. He didn't forge wire transfers. He used the company…
1 month, 2 weeks ago
WorldCom 2002 : The $11 Billion Accounting Entry That Turned Operating Costs Into Capital Investments — EP41 T1
Season 1 Episode 41
WorldCom's CFO Scott Sullivan reclassified $3.8 billion in operating expenses as capital expenditures — costs that should have reduced earnings immed…
1 month, 2 weeks ago