Fraud Stories: First Brands Group ON DEMAND

Overview

This course examines the rise and collapse of First Brands Group to explore fraud risks embedded in modern private credit and nontraditional lending markets. Through a detailed case study, participants will analyze how aggressive leverage, complex financing structures, and weak internal controls contributed to a multibillion-dollar failure. The course highlights key issues such as receivables factoring fraud, off-balance-sheet financing, and the limitations of due diligence in opaque financial environments. Participants will gain practical insights into identifying red flags, evaluating financial structures, and understanding how systemic risk can develop within evolving credit markets.

Highlights

Fraud. Internal controls. Auditing. Advanced accounting issues. Risk management.

Prerequisites

None.

Designed For

CPAs and accountants.

Objectives

Build awareness of real-world frauds. Recognize the factors that allowed the fraud to occur. Evaluate warning signs and apply critical thinking to identify potential fraud risks.

Preparation

None.

Notice

None.