![]() ![]() The Scam: Ponzi Scheme (the largest in history).Criminal Charges: 4 former Freddie Mac executives paid a total of $515,000 in civil fines and $275,548 in restitution payments.Weston Smith, who served as CFO after Beam, served 14 months. Aaron Beam, CFO, served 3 months in federal prison. Criminal Charges: Scrushy was found Not Guilty in the HealthSouth case, but just 5 months later was given an 82-month prison sentence (later reduced to 70 months) for political corruption charges.Restitution: Richard Scrushy, CEO, was ordered to pay $2.9 Billion to shareholders in a civil trial.3 other WorldCom executives received shorter sentences ranging from 5 months to 1 year plus a day. Sullivan, CFO, was sentenced to 5 years in prison. Criminal Charges: Bernie Ebbers, CEO, is serving a 25-year prison sentence.Restitution: A $750 million civil penalty was paid to investor victims.Caught!: Cynthia Cooper, Vice President of Internal Audit at WorldCom, started investigating and then brought it to light.CEO Kenneth Lay was convicted of fraud, conspiracy, and bank fraud, but died of a heart attack before receiving a sentence. Criminal Charges: Jeff Skilling (former president) got the longest prison sentence at 24 years, his sentence was later reduced by 10 years.Restitution: A Class Action Settlement of $7.185 billion was the largest of all time.Caught!: Enron employee Sherron Watkins brought it to light.Amount: $78 Billion in stock losses, 5000 employees lost jobs, many lost pensions.Kirk Shelton, was sentenced to 10 years in prison. Criminal Charges: Company Chairman Walter Forbes was sentenced to 12 years in prison and Vice Chairman E.Restitution: $32.5 million settlement to shareholders.How A Million Dollars Bought Me Happiness.How To Live Your Dream Life Through Mini-Retirement.Here's Why You Need To Have Multiple Streams Of Income.How Much Should I Have Saved For Retirement At My Age?.How To Get Rich Without A Fancy 6 Figure Job.I Have Every Dollar I've Earned In My 10 Year Career.Are You Missing Opportunities To Save Thousands In Order.Use Personal Loans to Pay Off Credit Cards.Capital One Journey Student Rewards Review.Is Buying a House a Good Investment? How to Start in Rental Properties How to Start Flipping Houses How to Invest in Real Estate Remotely. ![]()
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