The CEO-renowned work of each cycle problems

They are successful entrepreneurs, CEO of the company is well known, but the money because of fraud, the person discloses the company's financial story should have been in jail.

1. Bernard Madoff

Lawrence Bernard Madoff is an American businessman, former president of the NASDAQ stock exchanges. He was founder Bernard L. Madoff Investment Securities LLC on Wall Street in 1960, and president of the company until 11/12/2008, when he was arrested and charged with financial fraud.

Fraud related to Madoff is estimated to cause losses of up to 50 billion in cash and stock. Banks in Spain, France, Switzerland, Italy, Netherlands, Japan and some other countries have announced they are likely to lose billions of dollars in this scam. It is the largest financial fraud in history is attributed to a single character.

Madoff in a long time been recognized as an outstanding businessman and major philanthropist. The arrest of Madoff and closed his company had no small impact on global trade and a number of charities.

2. Kenneth Lay and Jeffrey Skilling

Both the former CEO of Enron. Kenneth Lay and Jeffrey Skilling is considered to be people who have a lot to Enron, to create jobs for thousands of workers. Lay helped Enron became the largest gas supplier in the U.S. in 2000. In 1990, Skilling at Enron and no small effort to contribute to the development of Enron. In 2001, Skilling became CEO Lay is also on the presidency. But then Enron filed for bankruptcy and this was the largest U.S. bankruptcy at that time.

Lay and Skilling are accused of financial fraud in May 5 / 2006. Two months later, Lay died of a heart attack upon hearing the court sentenced 45 years in prison. Skilling fined USD 45 million and 24 years in prison.

3. Dennis Kozlowski

Dennis Kozlowski as CEO of Tyco International Ltd., was convicted on 06/17/2005 for fraud of public funds. Kozlowski capital has a life of luxury, enjoyment. The survey showed 30 million apartment in New York that his company by Tyco paid. He also dared to aggressive spending millions to a birthday party for wife No. 2 in 2001. Kozlowski must nhanu penalty 25 years imprisonment.

4. John Rigas

John Rigas was CEO of Adelphia Communications Corporation. Rigas is the dream of many Americans, from circumstances beyond poverty to become wealthy. Born in a small town in New York (USA), 9-year-old Rigas had a waitress, then joined the army for World War II. Next, a BA Rigas.

Over the days of struggling, finally Rigas family build up Adelphia Communications Corp., the cable provider's 5th largest country with 5.6 million customers in 30 U.S. states. But then he was forced to resign in 2002 as related to financial fraud, making false cables. Rigas 15 years imprisonment. Until his release from prison (2017), if alive he would be 92 years old.

5. Joe Nacchio

Qwest CEO Joe Nacchio is International. Nacchio was accused of illegally selling 52 million shares of Qwest International Company in 2001. He was sentenced six years but is still on bail for $ 2 million guarantee.

6. James McDermott Jr..

James McDermott Jr., the CEO of Keefe, Bruyette & Woods. He is accused of disclosing internal information on 27/04/2000. Previously, McDermott 4 million for each year as the president and CEO of Wall Street Investment Bank. At that time, he is well known and frequently appeared in popular TV channels such as CNN. But then, he has brought about internal disclosure in bed with partner Kathryn B. Gannon. May 11/1999, he was arrested and fined $ 25,000, the same five months in prison.

7. Sam Waksal

Waksal is the CEO of ImClone. With the talents of a scientist, in 1984 he founded ImClone. In 1999, ImClone reputation for creating Erbitux - a drug against cancer of wickedness. At that time, he hopes to sell ImClone for giant pharmaceutical company Bristol-Myers for $ 1 billion. However, hope it fails, and incited people Waksal family sold their shares of the company. This led to five months imprisonment for Waksal.

8. Sam Israel

Sam Israel is the CEO of Bayou Group. He is accused of fraud USD 450 million. Connecticut state court had punished Israel 20 years in prison.