Billion Dollar Bubble
Dramatised by TOM CLARKE
The true story of the biggest fraud of all time. 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.
The most compelling narrative of the year (SUNDAY TIMES) Few programmes to equal it in six years
(FINANCIAL TIMES)
Sheer wanton madness to miss this brilliantly funny dramatisation
(OBSERVER)
EdntOT PETER GOODCHILD
Director BRIAN GIBSON