The Case against the Bre-X company comes to a close after 16 years, with nothing to show for it.

Bre-X is a Canadian mineral company that collapsed in 1997, due to allegations its massive gold find in Indonesia was a fraud. Although the shareholders of the company are still no richer as of 2013. The class-action lawsuit against the former executives has been dropped, or rather fizzled out, running out of money to keep …

Continue reading The Case against the Bre-X company comes to a close after 16 years, with nothing to show for it.

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Historical: Co-founders of Livent found guilty of fraud and forgery.

In 2009, the co-founders of Livent were found guilty. They had plead not guilty in the case that lasted 11 months. The two had been accused of instructing accounting staff to improperly record finances to improve the bottom line. https://toronto.ctvnews.ca/livent-co-founders-found-guilty-of-fraud-forgery-1.382905

WorldCom Chairman Sentenced to 25 years for fraud

WorldCom, a company ran by Canadian born Bernard J. Ebbers, declared bankruptcy in 2003. Auditors discovered an accounting fraud that was worth between 3.8- 11 billion dollars. This case went to trial in 2005 and Ebbers was sentenced to 25 years in prison for instigating this fraud. http://www.nytimes.com/2005/07/14/business/worldcom-chief-is-given-25-years-for-huge-fraud.html