Equity Funding Corporation of America - RARE Fraud Specimen Certificate

Beautifully engraved Specimen from the Equity Funding Corporation of America. This historic document was printed by the American Banknote Company in the 1960's and has an ornate border around it with the company's name top center. The certificate has the printed signatures of the company's officers including Stanley Goldblum and is over 30 years old. This is the first time we have seen a specimen certificate from Equity Funding. This came straight from the American Bank Note Company's Archives.

Equity Funding changed the way the CPA firms audited clients and this case is taught in every basic auditing class as what to look our for in frauds. This fraud also started the floodgate of shareholder suits against outside auditors, which ended up improving the quality of audit procedures and driving up legal liability insurance premiums. This was a multi billion dollar fraud with thousands of fictious transactions that should have been caught by the outside auditors.

The Equity Funding scandal lost credibility for Bankers , the insurance industry, outside CPA firms and Stock Brokers. Sound familiar?