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Lehman Scandal
Founded in 1850 by henry lehman and 2 brothers
Emmanuel and Mayer Lehman
2 brothers
Lehaman scandal
Started as a general store that mostly sold dried goods
Lehman Scandal
Bankruptcy September. 2008
Lehman Scandal
Invested excessively in mortgage and took up numerous loans
Lehman scandal
Hid 50 billion dollars in loan
REPO 105
Accounting maneuver that classifies short term loan as sale to reduce liabilities
Richard Fuld
CEO
Erin Callan
CFO
Ernst Young
Auditor
Erin Callan
Signed and approved faulty accounting work
Ernst Young
Paid 10million for their settlement
Employees , Investors, Banking and Financial Industry
People involved
Note 
Flashcard (20)