Guides tagged dystopia
1157 guides found.
Corporate Frauds Where Nobody Went To Jail: 22 Lumber Liquidators sold flooring with formaldehyde levels exceeding California safety standards knew
THE ONE FACT THEY WON’T FORGET In 2014, Lumber Liquidators sold laminate flooring to U.S. consumers that emitted formaldehyde at levels up to 20 times California’s safety standard—…
Corporate Frauds Where Nobody Went To Jail: 21 Nikola founder Trevor Milton convicted of fraud trucks that couldnt move were filmed rolling downhil
THE ONE FACT THEY WON'T FORGET In October 2022, a federal jury in Manhattan convicted Trevor Milton, founder of Nikola Corporation, of three counts of fraud for lying about the com…
Corporate Frauds Where Nobody Went To Jail: 20 Luckin Coffee fabricated 310 million in sales NASDAQ listed executives in China beyond US reach
THE ONE FACT THEY WON’T FORGET In April 2020, Luckin Coffee—a company that had listed on the NASDAQ just 13 months earlier—admitted in a regulatory filing that its chief operating …
Corporate Frauds Where Nobody Went To Jail: 19 Wirecard 2 billion that simply did not exist audited by EY for a decade
THE ONE FACT THEY WON’T FORGET In June 2020, Wirecard AG—a company valued at €24 billion, listed on Germany’s DAX 30, and audited by EY for over a decade—admitted that €1.9 billion…
Corporate Frauds Where Nobody Went To Jail: 18 Abraaj Group 1 billion stolen from healthcare fund meant for developing world hospitals
THE ONE FACT THEY WON’T FORGET In 2018, forensic auditors discovered that $1 billion—meant for hospitals in Pakistan, Nigeria, and India—had been systematically drained from the Ab…
Corporate Frauds Where Nobody Went To Jail: 17 WeWork 47 billion valuation 19 billion actual revenue Neumann walked away with 17 billion
THE ONE FACT THEY WON’T FORGET In October 2019, WeWork’s board—including representatives from SoftBank, J.P. Morgan, and Benchmark Capital—voted to pay Adam Neumann $1.7 billion to…
Corporate Frauds Where Nobody Went To Jail: 16 FTX 8 billion in customer funds SBF convicted most co-conspirators took plea deals
THE ONE FACT THEY WON’T FORGET On November 2, 2022—nine days before FTX collapsed—its founder, Sam Bankman-Fried, sent a message to a reporter: “Fuck regulators.” The exchange, lat…
Corporate Frauds Where Nobody Went To Jail: 15 Theranos 9 billion fraud Holmes convicted but Balwani served more time
THE ONE FACT THEY WON’T FORGET Elizabeth Holmes was sentenced to 11 years and 3 months in prison for defrauding investors out of $700 million. Her former partner, Ramesh "Sunny" Ba…
Corporate Frauds Where Nobody Went To Jail: 14 Boeing 737 MAX internal messages showed engineers knew about MCAS system problems 346 people died
THE ONE FACT THEY WON'T FORGET In October 2018, five months before the second Boeing 737 MAX crash killed 157 people, a Boeing engineer sent an internal message stating: "This airp…
Corporate Frauds Where Nobody Went To Jail: 13 General Motors ignition switch defect knew in 2001 recalled in 2014 124 deaths 900 million settlemen
THE ONE FACT THEY WON’T FORGET In 2005, General Motors engineer Ray DeGiorgio approved a design change to the ignition switch in the Chevrolet Cobalt and other models—replacing a f…
Corporate Frauds Where Nobody Went To Jail: 12 Takata Airbags knew airbags were exploding and killing people in 2004 hid it until 2014 27 deaths co
THE TAKATA AIRBAGS: A DECADE OF DEATH, DECEPTION, AND DOLLARS THE ONE FACT THEY WON’T FORGET In 2004, Takata engineers in Michigan tested an airbag inflator that exploded, sending …
Corporate Frauds Where Nobody Went To Jail: 11 Pacific Gas Electric equipment failures caused California wildfires killing 84 people pleaded guilty
THE ONE FACT THEY WON’T FORGET In 2018, Pacific Gas & Electric (PG&E) equipment sparked the Camp Fire, California’s deadliest wildfire, killing 84 people. Internal company …
Corporate Frauds Where Nobody Went To Jail: 10 Johnson Johnson internal documents showed they knew baby powder contained asbestos for decades
THE ONE FACT THEY WON’T FORGET In 1971, Johnson & Johnson’s own scientists tested the company’s baby powder and found it contained asbestos—a known carcinogen. The results were…
Corporate Frauds Where Nobody Went To Jail: 09 Volkswagen 11 million cars fitted with emissions cheating software knew for years CEO resigned no US
THE ONE FACT THEY WON’T FORGET In May 2014, Volkswagen engineers ran a secret test in California that confirmed their diesel cars emitted up to 35 times the legal limit of nitrogen…
Corporate Frauds Where Nobody Went To Jail: 08 Purdue Pharma internal emails showed they knew OxyContin was addictive in 1995 sold it aggressively
THE ONE FACT THEY WON’T FORGET In 1995, three years before OxyContin’s launch, Purdue Pharma’s medical director, Dr. Robert Kaiko, wrote in an internal email that the drug’s 12-hou…
Corporate Frauds Where Nobody Went To Jail: 07 BP Deepwater Horizon internal documents showed known safety failures 65 billion in costs no executiv
THE ONE FACT THEY WON’T FORGET On April 15, 2010—five days before the Deepwater Horizon rig exploded—BP engineers in Houston sent an internal email warning that the well’s cement j…
Corporate Frauds Where Nobody Went To Jail: 06 Goldman Sachs sold mortgage products it was simultaneously betting against paid 550 million admitted
THE ONE FACT THEY WON’T FORGET In April 2010, Goldman Sachs sold a mortgage-backed security called Abacus 2007-AC1 to investors while simultaneously betting against it—and did not …
Corporate Frauds Where Nobody Went To Jail: 05 Lehman Brothers 600 billion collapse accounting trick called Repo 105 hid 50 billion in debt
THE ONE FACT THEY WON’T FORGET In the final weeks before its collapse, Lehman Brothers used an accounting trick called Repo 105 to temporarily remove $50 billion in debt from its b…
Corporate Frauds Where Nobody Went To Jail: 04 Wells Fargo created 35 million fake accounts CEO retired with 130 million
THE ONE FACT THEY WON’T FORGET Between 2002 and 2016, Wells Fargo employees opened 3.5 million deposit and credit card accounts without customer consent—1.5 million of them for rea…
Corporate Frauds Where Nobody Went To Jail: 03 HSBC laundered 881 million for Mexican drug cartels paid a fine no prosecution
THE ONE FACT THEY WON’T FORGET Between 2006 and 2010, HSBC’s Mexican subsidiary moved at least $881 million in drug cartel proceeds through its U.S. branches—money the bank’s own c…