Part 3/8:
Historically, fake invoicing was a straightforward process. In the pre-digital world, keeping track of physical business records made it cumbersome for officials to conduct audits. Consequently, many companies could operate with a significant lack of transparency. Notable cases, like that of Enron, demonstrated how companies could inflate valuations, impacting shareholders and the market negatively. Although Enron's collapse was spectacular, the underlying systems of manipulation are still prevalent in many organizations, albeit under different nomenclatures, such as stock splits or payment shifting.