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Biggest Stock Market Scams in the World

Biggest Stock Market Scams in the World

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Published by nagendraMBA
stock market scenario
stock market scenario

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Published by: nagendraMBA on May 11, 2010
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06/05/2011

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www.capitalvia.com
Global Research Limited
 
STOCK MARKET
Edition: February 2010
CapitalVia - White Paper
 
Global Research Limited
www.capitalvia.com | 2
White Paper - Stock Market World Scams !!Edition: February 2010
2010
Edition
February
nvesting in a stock in the future. Withtakes a lot of that in mind, we'll
I
research, but it also look at some of the all-requires us to make a time greatest cases oflot of assumptions. companies betrayingFor example, we their investors. Someassume reported of these cases are trulyearnings and revenue amazing; try to look atfigures are correct, them from aand that management shareholder'sis competent and standpoint.honest. But these Unfortunately, theseassumptions can be shareholders had nodisastrous.way of knowing whatwas really happeningas they were beingnderstandingtricked into investing.how disastershappened in
U
the past can helpinvestors avoid them
World Stock Market Scams Crisis !!
The Worst Thing About These Scams
STOCK MARKET - WORLD SCAMS
 
Global Research Limited
www.capitalvia.com | 3
White Paper - Stock Market World Scams !!Edition: February 2010
2010
Edition
February
ZZZZ Best Inc., 1986
STOCK MARKET - WORLD SCAMS
arry Minkow, the complete fraud designed toowner of this business, deceive auditors and investors,
B
posited that this carpet Minkow shelled out more thancleaning company of the $4 million to lease and1980s would become the renovate an office building in"General Motors of carpet San Diego. ZZZZ Best wentcleaning". Minkow appeared public in December of 1986,to be building a multi-million eventually reaching a marketdollar corporation, but he did capitalization of more thanso through forgery and theft. $200 million. Amazingly, BarryHe created more than 10,000 Minkow was only a teenagerphony documents and sales at the time! He was sentencedreceipts without anybody to 25 years in prison.suspecting anything.Although his business was a
Scam1986
Barry Minkow
(Owner)
Centennial TechnologiesInc., 1996
n December 1996, 1996, Centennial overstatedEmanuel Pinez, the CEO of its earnings by about $40
I
Centennial Technologies, million. Amazingly, theand his management recorded company reported profits ofthat the company made $2 $12 million when it really lostmillion in revenue from PC about $28 million! The stockmemory cards - the company plunged to less than $3. Overwas really shipping fruit 20,000 investors lost almost allbaskets to customers. But the of their investment in aemployees then created fake company that was oncedocuments to appear as considered a Wall Streetthough they were recording darling.sales. Centennial's stock rose451% to $55.50 per share onthe New York Stock Exchange(NYSE). According to theSecurities and ExchangeCommission (SEC), betweenApril 1994 and December
Enabyel Pinez
(CEO)
Scam1996

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