40 Companies, Corporations and CEOs Who Could Use a Visit to the Boo Box From ‘Hook’

Frauds and fails heard ‘round the world
40 Companies, Corporations and CEOs Who Could Use a Visit to the Boo Box From ‘Hook’

The thesis statement of this list is basically that there is no correlation between intelligence and wealth. Take it from us, plenty of highly intelligent people don’t end up making a ton of money. Then take it from this collection of corporate calamities and failed fraudulent efforts, plenty of dummies have made some serious scratch. 

Did they end up holding onto it? Let’s find out now!

Red Granite Pictures

BEHIND-THE-SCENES FACTS THE PRODUCTION GOT INTO TROUBLE WITH THE U.S. GOVERNMENT. THE WOLF OF WALL STREET SI The film's production company, Red Granite Pictures, was forced to pay around $60 million to the U.S. government after being sued for using money misappropriated from a Malaysian state fund to finance the film. CRACKED.COM

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Gerald Ratner

CRACKED CORPORATE CRASH & BURN SAYING THE QUIET PART OUT LOUD Gerald Ratner, the CEO of a jewelry group, made a speech in 1991 that included the musing: People say, 'how can you sell this for such a low price?' I say 'because it's total crap. His careless words are now known as doing a Ratner, and cost his company a whooping £500 million.

Elon Musk’s Financial Losses

CRACKED $182 BILLION IN A LITTLE MORE THAN A YEAR In January 2023, Elon Musk had lost a huge amount of money - around $182 billion - since November 2021, which was the biggest loss of personal fortune ever recorded.

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Dumb and Dumber To

'Dumb & Dumber To' was funded using money stolen from a Malaysian government investment fund. CRACKED.COM Corrupt officials and finan- ciers stole $4.5 billion from 1Malaysia Development Ber- had between 2009 and 2015, laundering the money through a series of shell companies with bank ac- counts in the US and abroad.

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Crypto

Matt Damon's crypto firm sent someone $10.5 million instead of $100, and they can't get it back. GRAGKED.COM Crypto.com didn't discover that millions of dollars had gone to an Australian woman until seven months later, at which point the money was either spent or transferred.

Nike Swoosh Designer

The Nike Swoosh designer got 35 bucks nike GRACKED.COM Graphic designer Carolyn Davidson came up with the now-iconic Swoosh in 1971. She was paid a paltry $35 by the CEO at the time, who also made it clear he didn't even really like the design. (Thankfully, a decade later, a new CEO gifted her Nike stock worth hundreds of thousands of dollars).

North Korea

North Korea's military used Bitcoin to steal over half a billion dollars. They stole it from online trading platforms in 2017 and 2018, and used blockchain technology (the basis of Bitcoin) to be able to do it undetected. NOW YOU KNOW CRACKED.COM

Gambled Away $100 Million

CRACKED OVER $100 MILLION GAMBLED AWAY One businessman lost more than $100 million in 2007 at a chain of casinos in Las Vegas. It's said that he was given alcohol and drugs to keep him gambling.

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Beanie Babies

The creator of Beanie Babies was charged with tax fraud. The billionaire creator Ty Warner had to pay a $100,000 fine but no jail time (?!) for hiding millions of dollars. CRACKED.COM

Brazilian Oil Tycoon Elke Batista

CRACKED TUTE MILK $33 BILLION IN 18 MONTHS Eike Batista, a Brazilian oil tycoon, went from an estimated wealth of $34 billion to less than $1 billion in just 18 months. Until Elon came along, that made him a contender for the person who has lost the most money in the history of the world.

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Dennis Kozlowski

When Dennis Kozlowski was indicted for fraud the investigators found a gold and burgundy shower curtain worth $6,000 in his maid's bathroom. Kozlowski

Military Spending

The U.S. Army 2015 financial statements had 6.5 trillion dollars' worth of spending without a paper trail. That makes those statements effectively use

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