Double, Double Oil and Trouble | The Salad Oil Scandal
Oil and water don’t mix, but oil and fraud seem to. Salad oil, that is. Caleb and Greg revisit a story that many may remember from their college accounting courses: the infamous salad oil scandal of the early 1960s.
Oh My Fraud · Caleb Newquist
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Show Notes
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REFERENCES
- Wikipedia: Salad Oil Scandal: https://en.wikipedia.org/wiki/Salad_Oil_scandal
- Best Frauds in History: Tino De Angelis’ salad-oil scam: https://moneyweek.com/investments/investment-strategy/601677/great-frauds-in-history-tino-de-angelis-salad-oil-scandal
- How Salad Oil Amost Crashed the U.S. Economy: https://medium.com/@madmedic11671/how-salad-oil-almost-crashed-the-u-s-economy-c3ed3c2cb797
- The Vanishing Salad Oil: A $100 Million Mystery: https://www.nytimes.com/1964/01/06/archives/the-vanishing-salad-oil-a-100-million-mystery.html
- The Great Vegetable-Oil Mystery; Scandal, Now One Year Old, Remains a Financial Maze: https://www.nytimes.com/1964/11/15/archives/the-great-vegetableoil-mystery-scandal-now-one-year-old-remains-a.html
- Salad Oil Swindle! https://nymag.com/news/features/scandals/salad-oil-2012-4/
- Investopedia: Salad Oil Scandal: https://www.investopedia.com/terms/s/saladoilscandal.asp
- How The Salad Oil Swindle Of 1963 Nearly Crippled the NYSE: https://www.businessinsider.com/the-great-salad-oil-scandal-of-1963-2013-11
- TIME: The Man Who Fooled Everybody: https://web.archive.org/web/20071015042003/http://www.time.com/time/magazine/article/0,9171,898315,00.html
- ACFE 2022 Report to the Nations: https://legacy.acfe.com/report-to-the-nations/2022/
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CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
EMAIL : [email protected]
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Transcript available upon request