Back to Search Start Over

Audit Says Kabul Bank Began as 'Ponzi Scheme'.

Authors :
ROSENBERG, MATTHEW
Rubin, Alissa J.
Sahak, Sharifullah
Source :
New York Times. 11/27/2012, Vol. 162 Issue 55968, p9. 0p.
Publication Year :
2012

Abstract

The article focuses on Kroll's confidential forensic audit of Kabul Bank confirming the bank was a conceleed Ponzi scheme. The audit asserts that the bank was institutionalizing fraud where it reached into the hundreds of millions of dollars. Moreover, Kroll's investigators found 114 rubber stamps for fake firms used in forging legitimate documents.

Details

Language :
English
ISSN :
03624331
Volume :
162
Issue :
55968
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
83582757