The implosion of Parmalat, Italy's largest food company dwarfs the scandals of Enron and WorldCom
It's the saddest story you never heard. As usual, something that's brewed up a storm of news coverage in Europe has barely been a blip on American newsmedia's radar. But as far as stories of greed, treachery, theft and mind-boggling chutzpah go, this one's unmatched. There's a very good explanation of the whole thing here [link].