Episode 6: Harvey, Illinois
Satish Gabhawala convinced the city of Harvey to raise $14 million from bond issuances to construct a hotel and 24-hour diner. However, 5 years later the buildings were never finished. Where had the 14 million gone?
Episode 5: Equity Funding Corporation
When you think of high-growth companies you probably don’t think of life insurance, but Equity Funding Corporation of America was the exception. [...]
Episode 4: American Bank Note Holographics
In 1998, American Bank Note spun off part of its business in an IPO. Investors were excited; American Bank Note had been [...]
Episode 3: Electronic Game Card
Electronic Game Card had created an innovative new product. Sales were growing and the company was profitable. But there was something not quite right about the company…
Episode 2: Adelphia Communications
In March of 2002, Adelphia was the 6th largest cable TV provider in the U.S. But then the company made one tiny financial disclosure…and within 3 months it was bankrupt.
Episode 1: Homex
In 2013, Homex was the largest real estate development company in Mexico. But just one year later Homex was bankrupt, and under investigation by the SEC.