Episode 5: Equity Funding Corporation
Equity Funding Corporation of America reported strong growth for nearly a decade, culminating in a record profit in 1973. But just a few weeks later the firm imploded. It seems the company wrote insurance policies for people who didn’t even exist.
Episode 4: American Bank Note Holographics
Just 6 months after American Bank Note Holographics' IPO, the company said it needed to restate its financials…A company that had been created to prevent fraud had lied about its revenue.
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.
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Why am I giving all this away?!?
Because education changed my life.
I’m an award-winning university professor who came from humble beginnings. Homeless at the age of seventeen, I dreamed of one day going to college. I was fortunate to achieve my dream, obtaining my PhD from Washington University in St. Louis and becoming a licensed CPA. I’m privileged to have a nice home, plenty of food, and an amazing spouse. Thus, I’ve dedicated my life to making education more accessible and helping others achieve their dreams.