Wall of Shame

FBI raided offices. $691B bankruptcy — largest in US history. Triggered global financial crisis. CEO Fuld never charged.

Largest bank failure in US history. $307B in assets seized by FDIC. Sold to JPMorgan for $1.9B. CEO Kerry Killinger never charged.

4th-largest bank failure ever. $229B in assets seized. Sold to JPMorgan. FDIC estimated $13B cost to deposit insurance fund.

2nd-largest bank failure in US history. $209B in assets. Bank run triggered by unrealized losses. FDIC sued 6 officers + 11 directors.

3rd-largest bank failure in US history. $110B in assets. Closed by NYDFS amid contagion fears from SVB collapse.

Largest cumulative penalties of any bank: $82.7B across 214 enforcement actions. Single largest: $16.65B DOJ settlement for toxic mortgage fraud.

FBI arrested Madoff at his apartment. Largest Ponzi scheme in history — $64.8B fraud. Sentenced to 150 years. Died in prison.

FBI raided offices. $63.4B bankruptcy — largest on record at the time. CEO Skilling got 24 years. CFO Fastow cooperated.

$34.2B in cumulative fines. Includes $13B DOJ settlement for mortgage fraud, $920M for market manipulation (metals & Treasuries).

FBI investigated. FDIC seized the bank. $32B in assets. CEO Michael Perry charged with fraud in 2011.

Fake accounts scandal: 16M unauthorized accounts opened. $3B DOJ settlement, $3.7B CFPB fine. $20.3B cumulative penalties.

$7B DOJ settlement for toxic mortgage securities. $19.7B total across multiple enforcement actions. Enabling Enron schemes added $255M.

$7.2B DOJ settlement for toxic mortgage securities. LIBOR manipulation fines. Russian mirror trading $630M. Epstein ties.

FBI raided offices worldwide. Largest bank fraud in history at the time. $15B in losses. Described as 'Bank of Crooks and Criminals.'

$11B accounting fraud. CEO Bernie Ebbers sentenced to 25 years. Led to Sarbanes-Oxley Act.

FBI raided Bahamas offices. $10B in customer deposits misappropriated. SBF convicted on 7 counts, sentenced to 25 years.

Pled guilty to violating US sanctions — processing $30B in transactions through US system for Sudan, Iran, Cuba.

$5.3B DOJ settlement for toxic mortgage securities. Tax evasion guilty plea ($2.6B). Collapsed and acquired by UBS in 2023.

1MDB scandal: facilitated $4.5B theft from Malaysian state fund. $2.9B DOJ settlement, $3.9B Malaysia settlement. Subsidiary pled guilty.

Luna/UST collapse wiped $40B. SEC won $4.5B judgment — largest in SEC history. Do Kwon extradited.

Largest crypto enforcement ever. CEO CZ pled guilty to AML violations. $4.3B settlement. CZ sentenced to 4 months.

Charles Keating's S&L collapsed costing taxpayers $3.4B. Keating convicted of fraud.

$3.2B DOJ settlement for misleading investors about mortgage securities quality pre-crisis.

German police raided HQ. $2.1B in cash that 'didn't exist.' CEO Braun arrested. COO Marsalek fled, still missing. Europe's Enron.

Laundered $881M for Mexican drug cartels. Processed transactions for sanctioned countries. $1.92B settlement. No executives jailed.

FBI raided offices in 2010. Pled guilty to insider trading. $1.8B penalty — largest ever for insider trading. Renamed Point72.

$1.6B in customer funds vanished. CEO Jon Corzine (ex-NJ Governor) never criminally charged. CFTC fined him $5M personally.

Violated US sanctions by hiding $250B in transactions with Iran. $667M initial settlement, repeated violations led to $1.1B total.

Junk bond king Michael Milken indicted for securities fraud. Drexel pled guilty, paid $650M, went bankrupt.

Largest mortgage lender — ground zero of subprime crisis. CEO Angelo Mozilo fined $67.5M by SEC. Acquired by Bank of America.

CEO Dennis Kozlowski and CFO looted $600M from the company. Both sentenced to 8-25 years.

Insider trading ring. Boesky fined $100M, sentenced to 3.5 years, banned from securities industry.

Enron's auditor indicted for obstruction of justice (shredding documents). Conviction destroyed the firm — 85,000 jobs lost.

Collapsed in 72 hours. Fed forced emergency sale to JPMorgan at $2/share (was $170). Two hedge fund managers indicted.