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