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Pharmally scandal. Pharmally Pharmaceutical Corp. became involved in a scandal over allegations of overpriced medical supplies it supplied to the government for the latter's response to the COVID-19 pandemic in the Philippines. The Blue Ribbon Committee of the Senate of the Philippines launched an investigation into the matter and uncovered ...
1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
July 30, 2024 at 1:55 PM. Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ...
Missing trader fraud remains a problem for trade between the UK and the EU following the end of the Brexit transition period, since exports from the UK to the EU and vice versa are still zero rated for VAT. Moreover, since Northern Ireland effectively remains within the EU VAT regime, zero rating must be accounted for when moving goods from ...
July 26, 2024 at 12:49 PM. By Tom Hals. WILMINGTON, Delaware (Reuters) - A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement ...
Charles Ponzi, the namesake of the scheme, in 1920. A Ponzi scheme ( / ˈpɒnzi /, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [ 1] Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that ...
For example, white men who experienced cardiac arrest and received CPR from a bystander were 41% more likely to survive, the best odds of any group. Meanwhile, Black women had the lowest survival ...