Billion Dollar Bubble Dramatised by TOM CLARKE
A dramatised account of how Equity Funding Corporation of America, a rather over-enterprising Los Angeles insurance company, produced two billion dollars' worth of phoney insurance.
In 1969, two young executives used Equity Funding's computer to balance an error in the company's accounts. But the computer gradually took over. The auditors of the corporation were so impressed by the computer's printouts that the temptation to escalate the fraud became irresistible. By 1973, Equity Funding had become a financial giant rivalling the largest
American corporations. But a number of suspicious auditors were closing in. In comic detail, we see the conspirators fobbing them off with increasingly ludicrous ploys, and the story climaxes with the arrest of the computer.
Film editor DAVID MARTIN Editor PETER GOODCHILD Director BRIAN Gibson Preview: pape 15