Shipping and Commodity Academy

The Full Story of the Trafigura Scandal in Ivory Coast: A Comprehensive Overview

Dan Venon / 29 February 2024 / Commodity trading - Trading companies

In 2006, a toxic waste scandal rocked the Ivory Coast. The incident involved the dumping of toxic waste by the multinational oil trading company, Trafigura, which resulted in the death of at least 17 people and caused thousands of others to suffer from health problems. The scandal has been the subject of numerous investigations, court cases, and media coverage, and continues to be a source of controversy and debate.

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The Sumitomo Copper Scandal of 1996: Uncovering the Involvement of Yasuo Hamanaka

Renata / 28 February 2024 / Commodity trading - Trading companies

In 1996, one of the biggest financial scandals in history rocked the copper market. Yasuo Hamanaka, a trader for Sumitomo Corporation, was accused of single-handedly manipulating the copper market and causing losses of over $2.6 billion for his company. The scandal sent shockwaves throughout the financial world and raised questions about the integrity of the commodities market.

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Noble Group: How the Commodity House Went Bankrupt

Leon / 27 February 2024 / Commodity trading - Trading companies

Noble Group, once a leading commodity trader, filed for bankruptcy in March 2018 after a dramatic downfall. The company was founded in 1986 as a Hong Kong-based scrap metal trader and grew to become a global commodity house with operations in over 20 countries. However, a series of accounting scandals, debt defaults, and credit rating downgrades led to the company's collapse.

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André & Cie: The Former ABCD Commodity Company Story

Leon / 26 February 2024 / Commodity trading - Trading companies

André & Cie was once a prominent ABCD commodity company that operated in the 20th century. The company was founded by André Hoffmann, a Swiss entrepreneur, in the early 1900s. André & Cie quickly became a major player in the international commodity trading market, dealing in coffee, cocoa, sugar, and other commodities.

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Enron: The Complete Story of the Energy Trader

Leon / 23 February 2024 / Commodity trading - Trading companies

Enron was one of the largest energy companies in the world, known for its innovative business model and impressive growth in the 1990s. However, in 2001, the company filed for bankruptcy, resulting in the largest corporate scandal in American history. The downfall of Enron was caused by a combination of fraudulent accounting practices, unethical behavior by top executives, and a lack of oversight by regulators.

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