Keep pulling the thread on Kyle Grieve.
In 1992, the SEC investigated Bernie Madoff based on a tip from clients of accounting firm Avelino and Bynes, but verified his positions using Madoff's own fraudulent in-house data instead of third-party records.
Harry Markopolis submitted evidence of Bernie Madoff's fraud to the SEC in 2000, 2001, 2005, 2007, and 2008, but the agency failed to act on his warnings.
The scale of the "Salad Oil Scandal" was revealed when it was found that Allied Crude Vegetable Oil Refining Corporation had issued warehouse receipts for 937 million pounds of oil, while possessing less than 100 million pounds.
On October 19, 1987, known as Black Monday, the Dow Jones Industrial Average collapsed by 22.6% in a single trading day.
On June 14, 2021, Coca-Cola's market value fell by $4 billion because it was the stock's ex-dividend date, not due to actions by footballer Cristiano Ronaldo at a press conference.
As part of a 1999 contract buyout, former player Bobby Bonilla receives an annual payment of $1.19 million from the New York Mets, which will continue until 2035.
New York Mets owner Fred Wilpon was an investor in Bernie Madoff's fund, which claimed to provide 14% annual returns between January 1990 and June 1999.
The stock of the South Sea Company rose from £128 in January 1720 to nearly £1,000 by August 1720, an increase of almost 8x in eight months.
The British government facilitated the South Sea Company bubble by allowing the company to take over national debt, thereby encouraging government bondholders to convert their bonds into company stock.
John Blunt, a director of the South Sea Company, encouraged the British Parliament to pass the Bubble Act, which made it illegal for competing businesses to access public markets.
Eight months after the "Salad Oil Scandal" involving Allied Crude Vegetable Oil Refining Corporation, American Express's stock was trading at a 45% discount.
Warren Buffett's due diligence on American Express after the "Salad Oil Scandal" involved speaking to bank tellers, hotel employees, and restaurant employees to confirm that trust in the company's core business was intact.