Mini-Scribe 1989

http://articles.latimes.com/1989-09-13/business/fi-2051_1_massive-fraud

All small businesses, large businesses, and corporations fall because of hard economic times. Some, but few, rely on the economy to improve, others rely on God to see them through, and others rely on their own understanding of how to see themselves through. That is what Mini-Scribe did. Their odd ways to improve sales is amusing.

Mini-Scribe Corporation, a computer disk drive business, falsified declining fortunes with fake financial statements indicating a 66% gain in sales. The fraud involved former managers and many personnel employees to activate this massive fraud. One example of how Mini-Scribe falsified documents, involved bricks and scrap metal. Mini-Scribe manipulated distributors believing that the freight they received were new parts. In actuality, these parts were scrap metal and obsolete. In another instance, Mini-Scribe shipped bricks and recorded this so-called freight as computer component sales.