56. Parmalat - The Illusion of Cash

Imagine a global food company.Milk cartons on breakfast tables worldwide. Sponsorships in Formula One and top-flight football. Billions reported in cash reserves.And yet — when the truth emerged — much of that cash simply didn’t exist.This is the story of Parmalat, and how it became one of the largest corporate frauds in history.Nic and Damian to a look at how a family grocery business grew aggressively into an international business, with complex financing. On the face of it successful, but beneath the surface a fraud. What were the missed signals? What can be learned? And of course, could it happen again?Well... spoiler alert, it already did. Heard of a company called Wirecard...?More about SKADI:Website: www.skadilimited.comX: https://x.com/skadilimitedLinkedin: ttps://www.linkedin.com/company/skadi-limitedInstagram: https://www.instagram.com/skadilimited/