The camera worked in 1975. Management told the engineer not to show anyone. Thirty-seven years later the company filed for Chapter 11.
WorldCom's CEO borrowed against his own stock. Then the company started covering his margin calls.
$945 million raised on a device that could not do what it promised.
Dick Fuld said it was safe. He was wrong. Here is what the filing actually looked like from inside the building.
Ken Lay knew exactly what was inside the books. His employees didn't.
Sam Bankman-Fried built the world's most trusted crypto exchange. Then spent eight billion dollars of customer money on bad trades and beach houses.
J.Crew owed $1.7 billion in debt. Before the filing, private equity moved the brand offshore. The creditors got what was left.
Netflix offered to sell itself for $50 million. Blockbuster laughed them out of the room. What happened next took fifteen years.
Fraudulent conveyance is the legal mechanism that lets bankruptcy courts reach back in time and claw assets back. Here is how it works—and how executives get caught.
