6 Revealing Chapters in the Salad Oil Swindle Saga that Almost Shattered American Finance

4. The Collapse of the House of Cards

House of Cards logoFrançais : Logo de la série House of Cards. Photo Credit: Wikimedia Commons @Netflix

The fourth chapter focuses on the downfall of De Angelis's empire. A routine inspection by American Express uncovered the fraud, sending shockwaves through the financial world. The revelation sparked panic on Wall Street, with major corporations and banks that had heavily invested in De Angelis's operation facing significant losses, putting the stability of the American financial system at risk.

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