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Stories about the financial misconduct of companies are ever more common, but you might not have heard about the most scandalous retail pharmacy chain of all time: Phar-Mor.
Stories of cooked books and misappropriated funds are hardly rare, but often leave us questioning—how do companies manage to pull off these scams, and more importantly how do they dupe auditors and investors?
In this episode of The Great Fail, we are joined by professor Kelly Richmond Pope of DePaul University, a forensic accounting expert with a specialty in corporate crime, to explain how an accident exposed a $1 billion fraud and took down one of the nation’s largest retail chains.
Find out how it happened on Episode 48 of The Great Fail. Stream the new episode below, listen and subscribe on Apple Podcasts or find it on Spotify.
