Buy custom Phar-Mar Inc. Accounting Scandal
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2200 |
Essay's paper body
This unlikely event took place when a travel agent received a Phar-Mor check signed by Mickey Monus for expenses that had nothing to do with Phar-Mor. The agent was suspicious and showed the check to her landlord who happened to be an investor in the Phar-Mor Company. The Landlord called David Shapira Phar-Mor's CEO and told him about his concern...
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The Landlord called David Shapira Phar-Mor's CEO and told him about his concern. David Shapira made an announcement in mid-1992, disclosing to the public that Phar-Mor was involved in a huge fraud that was instigated mainly by Mickey Monus the prior president and COO.
The outcome of the Phar-Mor fraud was quite substantial...
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