JTBC defaulted on ₩20.6B and brought the JoongAng Group's ₩2.8T debt pile crashing down
A single missed loan payment of ₩20.6 billion at Korea's most influential cable news network revealed ₩2.8 trillion of group-level debt.
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2,000 CAS PUBLIÉS · MIS À JOUR RÉGULIÈREMENTGitHub hosted a near-clone of a hate app it had already taken down once
GitHub removed an app that put Muslim women up for a fake 'auction' in 2021 — then hosted a near-identical clone that resurfaced in January 2022.
Lire le casDeutsche Bank lost $1.8B on Boaz Weinstein's credit bets — first loss in 50 years
Deutsche Bank's star credit trader lost $1.8B when the CDS market froze after Lehman's collapse — the bank's first annual loss in 50 years.
Lire le casDiageo ended its 15-year Diddy deal over a racism suit — then kept every brand
Combs sued Diageo for racism in May 2023; Diageo ended the Ciroc and DeLeon deals, then settled in Jan 2024 with full ownership of both brands.
Lire le casDaiwa House unit faked 816 ground-survey reports for 12 years until the ground sank
Surveyors at Daiwa Rantec doctored soil-test data and recycled other sites' numbers — a client's sunken driveway blew the scheme open.
Lire le casEncol built Brazil on a bicycle — 710 works fell when the music stopped
Brazil's largest homebuilder funded each tower with the next launch's money. When the Plano Real froze sales, the 1999 bankruptcy left 710 works, 42,000 buyers.
Lire le casHutchison's £10.25bn O2 UK takeover died at the EU — four mobile networks stayed four
Hutchison bet £10.25bn on behavioural promises to clear a 4-to-3 mobile merger; the European Commission blocked the deal outright in May 2016.
Lire le casFaking a viral 'lost homework' video dissolved 猫一杯's MCN within two years
Thurman's staged 'Qin Lang lost homework' video earned a permanent ban; her MCN was fined, sued and dissolved — still owing ¥22 in tax by 2026.
Lire le casHSBC cut 35,000 jobs to pay for a decade of Western banking it should have left earlier
The plan was February 2020; the pandemic paused it; the profits collapse resumed it. Half of HSBC's profits came from Hong Kong, and the cuts fell on the West.
Lire le casCoca-Cola and Pepsi denied CSE's pesticide study — Coke's India volumes fell 11%
CSE's lab found pesticide residues averaging 34 times EU limits across 12 Coke and Pepsi brands. Both denied it; Coke's own SEC filing showed volumes down 11%.
Lire le casRadium Hospital: Jon Sudbø fabricated 907 patients in a single Lancet study
Jon Sudbø fabricated 907 patients in a Lancet study. He also faked 14 other papers, including ones in NEJM and JCO. His doctorate was rescinded.
Lire le casT11 raised $100M+ for its premium supermarket — then all 8 stores closed
Backed by IDG and Alibaba, T11 opened flagship fresh-food stores in Beijing, Shanghai and Wuhan. By May 2025 every single one was shut.
Lire le casCuiwei paid ¥1.945B for a payments arm that now loses money on every transaction
Beijing's Cuiwei paid ¥1.945B for Haike Rongtong in 2020. It is now 67% of revenue at a negative gross margin; the group lost ¥1.75B in three years.
Lire le casJumia's stock hit $50, then lost 90% in eight months — growth had outrun the books
Africa's flagship e-commerce IPO tripled, then collapsed after a short seller called it fraud — Jumia spent years unwinding markets it rushed to enter
Lire le casHerstatt Bank collapsed on currency bets — and created 'Herstatt risk'
Herstatt Bank lost DM470M betting on the dollar. Regulators shut it down on June 26, 1974, leaving counterparties unpaid — the settlement risk bearing its name.
Lire le casBeco's chemical-fear ads against Vim and Surf Excel were pulled by the Delhi High Court
The eco startup built a 5.6-million-view campaign on HUL's ingredient lists — the court held truth can still be disparagement and ordered it all down.
Lire le casA latent bug turned Gmail's routine data-center maintenance into a 3-hour global outage
Traffic shifted for European maintenance triggered a latent bug in new data-locality code, cascading overloads that cut Gmail for up to three hours.
Lire le casHuishan Dairy denied Muddy Waters' fraud report — then lost 85% of its value in a day
Called the short report 'groundless'; three months later the stock fell a record 85%, US$4.1B of value vanished, and RMB38B of debt surfaced.
Lire le casGoodman hid PTAC fire risk for years, then lowballed its fire count — $5.55M penalty
Goodman knew in 2008 that PTAC heaters had fire-prone cords, swapped parts at hotels quietly, and told CPSC in 2013 while understating its own fire reports.
Lire le casXibei begged for sympathy, then raised prices in a pandemic. The backlash forced a U-turn.
Its founder said Xibei had three months to live. Then it raised prices, denied it, and reversed only after a national outcry — paying diners back to apologise.
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