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 PUBLISHED CASES · REGULARLY UPDATEDGitHub 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.
Read the caseDeutsche 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.
Read the caseDiageo 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.
Read the caseDaiwa 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.
Read the caseEncol 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.
Read the caseHutchison'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.
Read the caseFaking 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.
Read the caseHSBC 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.
Read the caseCoca-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%.
Read the caseRadium 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.
Read the caseT11 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.
Read the caseCuiwei 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.
Read the caseJumia'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
Read the caseHerstatt 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.
Read the caseBeco'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.
Read the caseA 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.
Read the caseHuishan 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.
Read the caseGoodman 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.
Read the caseXibei 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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