Fraud will always recur. Here are a few from the recent past:

Current Events » in reply to Perhaps not...

David F Mayer — 1/19/2004 9:28:00 PM (archived)

1. Investment grade wines.
2. Investment grade coins.
3. Investment grade diamonds.
4. Investment grade collectables.
5. The gold/silver bubble.
6. ENRON.
7. Time-shares of condominia.

This was three minutes worth of thinking, without scanning the Web. Give me an hour, and I could come up with 50 more.

The whole thread (11 posts)

Here come the jobs - ebnelson - 1/18/2004 6:15:21 PM
- A drop in the bucket for the devasted IT area. I doubt if IT will EVER reach the employment levels of a few years ago. (n/t) - David F Mayer - 1/18/2004 7:03:53 PM
  - Perhaps not... - Larry J - 1/19/2004 6:38:35 PM
    - Fraud will always recur. Here are a few from the recent past: - David F Mayer - 1/19/2004 9:28:00 PM
      - Definitely - Larry J - 1/19/2004 11:00:40 PM
        
        ENRON was something like a 60 billion dollar swindle. It had absolutely no chance of succeeding, but was bled dry by its officers. These DOT-COMs had some reasonable chance of success, but not nearly… (n/t) - David F Mayer - 1/20/2004 1:31:28 AM
        
        The Dot.Con industry was mostly created by investment bankers to pad fees - ebnelson - 1/20/2004 5:06:25 AM
        
        Most of those Dot.Bomb companies... - Larry J - 1/20/2004 3:03:53 AM
        
        The dog food story is, alas, typical. There was this idea around that "market share" was the only important thing. Profits would come later. In reality, profits came NEVER! (n/t) - David F Mayer - 1/20/2004 2:34:06 PM
        
        A lot of people lost money... - Tom Brosz - 1/20/2004 3:35:24 AM
        
        There's also a lot of empty office buildings - Gary - 1/20/2004 4:58:55 PM

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