http://money.cnn.com/1998/08/27/companies/cendant_folo
"Deliberately and "fictitiously" are the words that CNN News describing the marketing fraud created by former CUC International executives. CUC merged with HFS Inc. changing the name to Cendant Corporation. Cendant Corporation is a marketing and franchising company for businesses such as Ramada hotels, Century 21 real estate, and Avis rental cars. CUC's top executives, led by former CEO and chairman Walter Forbes, encouraged inferior employees to falsify accounting books totaling $500 million of a three year time period. These orders came from the CFO of CUC, Cosmo Corigliano, and the former comptroller Anne Pember.
