Scheme

Scheme


Episode 17: Waste Management

July 31, 2023

In the 1990’s, Waste Management was the largest garbage company in the world.  What had begun as the dream of a Dutch immigrant had grown into a billion-dollar company over the course of a hundred years.


But Waste Management had a dirty secret.  Its accounting was nastier than its landfills.  Behind the scenes, auditors repeatedly tried to get Waste Management to clean up its act, even giving the company a to-do list for fixing its sketchy accounting.


But according to the SEC, the fraud only got worse.  When Waste Management brought in a new CEO, he saw that the financials were a dumpster fire and ran for the hills.  Things were about to get filthy.



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