WorldCom

The long-awaited sentencing for cryptocurrency fraudster and FTX co-founder Sam Bankman-Fried was announced Thursday, Match 28, by Judge Lewis A. Kaplan. Bankman-Fried, 32, was found guilty of fraud charges related to his actions at FTX and Alameda Research. He received 25 years in prison. The...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2003, a federal judge approved a $750 million settlement between WorldCom and federal regulators related to the company’s $11 billion accounting fraud. Where The...

Chelsea Manning, Edward Snowden, Julian Assange, Deep Throat. You know the names. Whether you consider them informants, patriots or glorified tattle-tales, whistleblowers have significantly impacted United States history. They‘ve alerted us to illegal or unethical activity in public and...

Gentex Corporation (NASDAQ: GNTX) shares are sliding on Thursday after short seller Spruce Point Capital founded by Ben Axler released a new short report on the company, titled "A Dim and Grim Outlook." The hedge fund issued a Strong Sell recommendation on the stock, reasoning that there is scope...

RadioShack is preparing for its second bankruptcy restructuring in two years as the once-dominant electronics retailer continues its fall from grace. RadioShack currently operates about 1,700 stores, down 75 percent from its peak market presence back in the late 1990s. The company has already begun...

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are down 70 percent in the past three months as allegations of accounting fraud continue to swirl. Many companies involved in accounting fraud eventually end up bankrupt. However, some companies find ways to weather the storm in the long run....

Despite a continued recovery in the U.S. economy and generally strong growth of American industry last year, not all companies enjoyed a prosperous 2014. In fact, two of the ten largest bankruptcies in history happened last year. Here’s a rundown of the 10 largest bankruptcies (by assets)...

The Enron scandal in early 2001 forever changed the face of business. Enron, the once high flying energy trading company, was exposed as being little more than a slowly unraveling multi-billion dollar financial scheme. Eventually Enron cost employees and investors billions of dollars after the...