Loading company information...
कंपनी की जानकारी
जानिए commercial financial services llc
कंपनी की जानकारी
जानिए commercial financial services llc
Founded in 1986 in Tulsa, Oklahoma, Commercial Financial Services, Inc. (CFS) specialized in purchasing and servicing non-performing consumer debt, primarily charged-off credit card receivables. The company grew rapidly, becoming one of the largest in its industry by the mid-1990s. Its business model involved buying delinquent debt portfolios at a steep discount and then using its collection systems to recover the money. However, the company's success was built on a massive accounting fraud, where executives systematically overstated collection revenues and hid losses to deceive investors and auditors. The scheme unraveled in 1998, leading to a sudden bankruptcy, the loss of nearly 4,000 jobs, and one of the largest corporate fraud cases of its time.
उद्योग
- वित्तीय अन्य सेवाप्राथमिक
संपर्क
-
-
-
-
सोशल
कंपनी ने अपनी जानकारी अपडेट नहीं की है।
