< Similar scams in financial history >

Many people compared the FTX bankruptcy to the Enron scam that broke out in 2001.

I was just listening to the <Acquired> Podcast, which was explaining the Anlong case in the form of stories. He said that there are many similarities with FTX, such as industrial giants, complex financial structures, and changes in auditing principles.

As FTX's audit company, Armanino's reserve certification system is being questioned; Andersen, the fifth largest accounting firm responsible for the company's audit in the Anlong case, also collapsed after the scandal broke out

2001 Anlong case scam, 2015 Theranos bloodshed, 2020 Luckin financial fraud, 2022 FTX bankruptcy

Although history does not repeat itself, it is always strikingly similar.