Fortune
Magazine’s List of “White Collar Criminals” Exhibit 25e
Sunday,
March 3, 2002 by Ellan Florian
1.
1929:
The Ponzi Scheme – Charles Ponzi
2.
1929:
Albert Wiggen’s shorting of Chase National stock while serving as CEO
3.
1930:
Ivar Krueger, the Match King whose match empire collapsed
4.
1938:
Richard Whitney who stole from Trusts and assets he managed
5.
1961:
The Electric Cartel of GE, Westinghouse and others that fixed prices
6.
1962:
Billie Sol Estes who mortgaged nonexistent farm gear
7.
1970:
Bernie Cornfield and Robert Vesco and their IOS scam
8.
1983:
Marc Rich
and hisillegal and tax evasion dealings
9.
1986:
Ivan Boesky,
Mike Milken
and Drexel insider trading scandal
10.
1989:
Charles Keating and the collapse of Lincoln S&L
11.
1991:
BCCI – the Bank of Credit & Commerce and it money laundering
12.
1991:
Solomon Brothers Paul Mozer who violated Treasury Auction rules
13.
1995:
Nick Leeson and Barings Bank, trading losses that destroyed the Bank
14.
1995:
Bankers Trust misled clients about derivatives and lost $200 million+
15.
1997:
Walter Forbes who cooked the books at CUC before selling to Cendant
16.
1997:
Columbia/HCA involved in major Medicare fraud
17.
1998:
Waste Management and its cooking of its books
18.
1998:
Al Dunlap, the “Chainsaw Al” who destroyed Sunbeam
19.
1999:
Martin Frankel who siphoned $200 million from insurance companies
20.
2000:
Sotheby’s and Al Taubman who fixed prices with Christies
Note that
the 20 scandals identify 23 significant names