Match the forensic accounting case with its description.
-Global Crossing
A)Admitted to "loaning" $ 2.3 billion to the Rigas family
B)Insiders sell over $ 1.5 billion of inflated stock
C)CEO and CFO charged with multiple counts of fraud

Question

Match the forensic accounting case with its description.
-Global Crossing
A)Admitted to "loaning" $ 2.3 billion to the Rigas family
B)Insiders sell over  $ 1.5 billion of inflated stock
C)CEO and CFO charged with multiple counts of fraud

Quizplus · Accepted Answer

Global Crossing was involved in a scandal where insiders sold over $1.5 billion of inflated stock, exploiting the high market value of the company's shares before its financial troubles became public knowledge.

Match the Forensic Accounting Case with Its Description