Cooked Books

Documentary deep dives into history's greatest financial frauds — Madoff, Theranos, Enron, Wirecard. Follow the money. Find the lie.

[Cooked Books @lijunh3]

In 2003, retail giant Royal Ahold crashed 63% in one morning.

Behind €23B in phantom sales was US Foodservice: inflating profits with $880M in fake vendor rebates and secret side letters.

Full documentary:
https://t.co/9o9y0LuJAZ

#RoyalAhold #CookedBooks #AccountingFraud

[Cooked Books @lijunh3]

In 1991, Sam Walton named only one rival Walmart feared: Phar-Mor.

Behind 310 stores was a 00M inventory black hole hidden in an account called "The Bucket." High racks held taped empty boxes.

Full doc:
https://t.co/TLDhLAvdGg

#PharMor #CookedBooks #AccountingFraud

[Cooked Books @lijunh3]

FlowTex claimed to build 3,184 industrial drill rigs. 100 German banks loaned €2.2B. When police raided the company, they found only 181 real machines. The other 3,003 existed only on paper.

Full documentary:
https://t.co/O9sng0mhrs

#FlowTex #CookedBooks #AccountingFraud

[Cooked Books @lijunh3]

In 2018, NMC Health was a FTSE 100 titan with clean audits from EY. Then investigators uncovered a secret second ledger hiding $4.35 BILLION in ghost debt across 80 global banks.

Full documentary:
https://t.co/HIj0pMsCgD

#NMCHealth #ForensicAccounting #CookedBooks

[Cooked Books @lijunh3]

In 2011, HP paid $11.1B for Autonomy. One year later, they wrote off $8.8B as total fraud. Autonomy secretly sold Dell hardware at a loss to fake an 85% pure software gross margin.

Full documentary:
https://t.co/GXJfnqQjD9

#Autonomy #HP #CookedBooks #Fraud

[Cooked Books @lijunh3]

In 2019, a startup renting office desks reached a $47B valuation. Then their S-1 exposed $47B in lease debt against zero profits, burning $219,000 every single hour.

Watch the full breakdown:
https://t.co/xfnU1h0nHf

#WeWork #CookedBooks #Accounting

[Cooked Books @lijunh3]

In 2000, Belgian speech pioneer Lernout & Hauspie hit a $10B valuation on NASDAQ backed by Gates & Intel.Then WSJ checked their Korean customers—and found padlocked closets.Full documentary: https://t.co/5qU2jW6lJA #CookedBooks #Siri #Tech

[Cooked Books @lijunh3]

In 2011, Sino-Forest claimed CAD $6B in Chinese timber. Billionaire John Paulson bought 35M shares. But Carson Block hiked into the mountains and found no trees. Paulson lost $462M in 3 weeks.Full 4K forensic breakdown:https://t.co/8oys81eu9A #ForensicAccounting

[Cooked Books @lijunh3]

For 7 years, Toshiba ran a $1.2B accounting fraud called "The Challenge". When nuclear contracts bled billions, executives faked project percentages until Tokyo delisted the 140-year-old https://t.co/nmJUDZhDFY the full documentary: https://t.co/jTNPs9I6OI #AccountingFraud

[Cooked Books @lijunh3]

Canada's greatest tech giant reached a $398B valuation (36.5% of TSX)—then plunged into the largest bankruptcy in history.The $400M cookie jar fraud behind Nortel (NYSE: NT):Full 18-min documentary: https://t.co/WOv7C4Bth6 #AccountingFraud #Nortel

[Cooked Books @lijunh3]

How Wall Street's commodities king floated a $4 Billion empire on a ghost ledger—and collapsed in 21 days.The $430M fraud behind Refco (NYSE: RFX):Full 17-min documentary: https://t.co/GzXek4OPjN #AccountingFraud #WallStreet #Refco

[Cooked Books @lijunh3]

In 2002, Qwest restated $3.2B in fake revenue. Promising traffic doubled every 90 days, execs traded unlit dark fiber in circular IRU swaps with zero net cash.Full forensic breakdown on Cooked Books:https://t.co/zkQu19G35I #AccountingFraud

[Cooked Books @lijunh3]

In 2002, Xerox restated $6.4B in equipment revenue.Behind the copier icon was a financial time machine: slashing financing ROE from 15% to 7% and normalizing margins to plunder future lease profits for today.Full doc: https://t.co/I66E3SlsJL #AccountingFraud

[Cooked Books @lijunh3]

In 1998, Waste Management wiped out $1.7B in pre-tax profits—the largest restatement in US history.Executives stretched 20,000 truck lifespans from 8 to 14 yrs to fake earnings. Arthur Andersen covered it up.Full doc: https://t.co/SQx0lh21eh #Finance

[Cooked Books @lijunh3]

In 1997, Cendant was born from a $14B merger. 4 months later, $500M+ in fake "top-side" entries were uncovered.The stock plunged 46.5% in 6 hours, wiping out $14B. CEO Walter Forbes got 12.5 years in prison.Full doc: https://t.co/SEjxUxE5Kv #AccountingFraud

[Cooked Books @lijunh3]

Wall Street hailed Chainsaw Al as a savior after Sunbeam surged 50% in one day to $4B.Behind it lay fraud: booking summer gas grills in winter & faking profits out of cookie jars.Full forensic documentary:https://t.co/E1ZU8iWnhS #AccountingFraud

[Cooked Books @lijunh3]

In 2002, Adelphia collapsed in an $18B bankruptcy after the Rigas family secretly pulled $2.3 Billion off the balance sheet to buy the Buffalo Sabres & luxury jets.Full documentary:https://t.co/cIODN7Oihb #WallStreet #CookedBooks

[Cooked Books @lijunh3]

CRAZY EDDIE: THE 00M EMPTY BOX EMPIRECrazy Eddie used ceiling cash skims, midnight phantom trucks, and 30-ft towers of empty TV boxes to fake millions in https://t.co/P6hQjA9Lo8 the full documentary on Cooked Books: https://t.co/6zsNI3Rs4y

[Cooked Books @lijunh3]

ZZZZ BEST: THE 00M CARPET CLEANING ILLUSIONIn 1986, 20-year-old Barry Minkow took his garage carpet cleaning firm to NASDAQ, faking 86% of revenue with staged buildings and mob https://t.co/8RCb59BML3 the full documentary on Cooked Books: https://t.co/qVmLPiCtD5

[Cooked Books @lijunh3]

STANFORD: THE $7 BILLION OFFSHORE PONZI EMPIREA Texan billionaire flew a helicopter into Lord's Cricket Ground with $20M in cold cash. Inside Allen Stanford's 110-year prison https://t.co/TtS0X37gbH the full documentary on Cooked Books: https://t.co/xTT3pRh6mK