How An Italian Milk Conglomerate Became The Enron of Europe

In this video we go over the case of Parmalat, a giant Italian milk company that turned out to be a massive fraud. The fraud lasted for more than a decade and the company had an enterprise value of more than 20 billion euros at the peak. In some ways this case of fraud was even more shocking than Enron because employees at auditor Grant Thornton and their lender Bank of America likely knew about the fraud for years before it was exposed and aided the company in covering it up.

Support us on Patreon: https://www.patreon.com/WallStreetMillennial

Check out our website: http://wallstreetmillennial.com/

Join our free Discord Server: https://discord.gg/VBd6cA4jUt

Twitter: https://twitter.com/MillennialWall

#WallStreetMillenial

Видео How An Italian Milk Conglomerate Became The Enron of Europe канала Wall Street Millennial