Global crossing
Global Crossing’s bankruptcy was the fourth largest in America’s history. Far more employees’ lives were ruined by the collapse of Global Crossing than were employed by Enron. No one (except the employees and retirees whose finances were devastated) seems to care
Terry McAuliffe, Bill Clinton’s hand-picked Chairman of the Democratic National Committee, invested $100,000 in Global Crossing stock. He sold it less than two years later, just before the company’s collapse for $18 million - an 18,000% profit! Surely this was an innocent coincidence.
Reminds me of Jon Corzine's financial indiscretions at MF Global. Another crooked Democrat. They're a dime a dozen. Back in 2011, Corzine denied any knowledge of what happened to the estimated $1.2 billion in customer funds that went missing in the days before MF Global went bankrupt. I'm sure he walked away with plenty of dough. A son committed suicide in Mexico in 2014 after years of supposed depression. In 2019, the SEC approved Corzine's new Hedge Fund: JDC-JSC Opportunity Fund. I can't imagine why anyone would ever trust him with their money.
SEC Approves Hedge Fund Backed by Jon Corzine