Lost to scams worldwide in 2026
Live estimateAn estimated 369 billion US dollars lost to scams worldwide so far in 2026.
10 reports in Corporate fraud
Amazon.com, Inc.Corporate
From the news
According to the FTC, it and 22 states sued Amazon, alleging it covertly inflated prices in its search advertising auctions for over seven years. The complaint alleges the scheme affected more than one million brands and sellers and likely extracted tens of billions of dollars…
Premier Martial ArtsCorporate
From the news
According to the FTC, Premier Franchising Group LLC and Franchise Fastlane LLC will pay $1.85 million to settle allegations they made misleading representations about the Premier Martial Arts franchise and violated the Franchise Rule. Certain franchisees may cancel agreements…
Satyam Computer ServicesCorporate
Case file from public records
Satyam Computer Services, once India's fourth-largest software services company, was pushed to the brink of collapse in January 2009 when founder and chairman Ramalinga Raju admitted in a letter that its profits had been overstated for years. The SEC later said senior official…
FrankCorporate
Case file from public records
Frank was a start-up with an online tool that helped students apply for US federal student aid. In 2021 founder Charlie Javice told two banks, including JPMorgan Chase, that Frank had 4.25 million users; it had about 300,000. When JPMorgan asked for proof, Javice hired an outs…
WorldComCorporate
Case file from public records
WorldCom, a US telecommunications company, revealed in June 2002 that an internal audit had found $3.8 billion in accounting errors. Much of the fraud involved booking expenses as long-term capital spending, and the misstatements eventually reached $11 billion. WorldCom filed…
Luckin CoffeeCorporate
Case file from public records
Luckin Coffee, a Chinese coffee chain listed on Nasdaq in May 2019, said on 2 April 2020 that its chief operating officer and staff reporting to him had fabricated about 2.2 billion yuan ($310 million) of 2019 sales. Its shares lost more than three-quarters of their value that…
Archegos Capital ManagementCorporate
Case file from public records
Archegos Capital Management was the family office of investor Bill Hwang and once managed about $36 billion. Prosecutors showed that from 2020 Hwang used it to manipulate a handful of stocks, including ViacomCBS and Discovery, while he and finance chief Patrick Halligan lied t…
WirecardCorporate
Case file from public records
Wirecard, a German payments company that had joined the DAX index of Germany's largest listed firms, said in June 2020 that €1.9 billion shown on its balance sheet, supposedly held in trust accounts in Asia, most likely did not exist. Days later it filed for insolvency, wiping…
EnronCorporate
Case file from public records
Enron, the Houston energy trader once ranked among America's largest companies, used off-balance-sheet partnerships and aggressive accounting to hide debt and inflate profits. When the scheme unravelled it filed for bankruptcy in December 2001, then the largest bankruptcy in U…
VolkswagenCorporate
Case file from public records
In September 2015 the US Environmental Protection Agency revealed that Volkswagen had installed software in diesel cars that detected emissions tests and turned on full pollution controls only while being tested. On the road, the cars emitted nitrogen oxides at up to 40 times…