Steinhoff Committed $7.4 Billion in Fraud (at least). Here’s How by Wolf Richter • Mar 16, 2019 • 88 Comments It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud.
Mattress Firm’s Moral Bankruptcy by John McNellis • Nov 6, 2018 • 40 Comments Moral bankruptcy may be one of the quickest preludes to Chapter 11.
Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams by Wolf Richter • Aug 6, 2018 • 73 Comments This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
Margin Debt, Backed by Enron-Déjà-Vu Steinhoff Shares, Hits BofA, Citi, HSBC, Goldman, BNP by Wolf Richter • Dec 19, 2017 • 57 Comments “Shadow margin” is a hot business for brokers. Now they lick their wounds.
Bonds Issued by Acquirer of Mattress Firm & Sherwood Bedding Collapse after ECB Buys Them as Part of QE by Wolf Richter • Dec 6, 2017 • 46 Comments Steinhoff’s “accounting irregularities” crush its stock.
