Look back at ten of the most infamous and notorious tech industry frauds, flops, and foibles from individuals to products, ideas to entire companies.
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On Jan. 7, 2009, Satyam chairman Ramalinga Raju admitted falsifying the company's cash position by as much as $1 billion while overstating quarterly earnings and revenue by up to 28%. Raju tendered his resignation and has since been arrested and jailed. India's Satyam, since acquired by Tech Mahindra, is now dealing with fallout from investors and others who claim they were misled about the company's financial situation.
Top IT Trends to Watch in Financial ServicesIT pros at banks, investment houses, insurance companies, and other financial services organizations are focused on a range of issues, from peer-to-peer lending to cybersecurity to performance, agility, and compliance. It all matters.
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