| Founded | 1987 |
|---|---|
| Closed | 2001 |
| Country | Belgium |
| Sector | Saas |
| Total raised | 450 |
| Collapse type | Fraud Explosion |
| Founder | Jo Lernout, Pol Hauspie |
Lernout & Hauspie
"The European tech champion built on $700 million of fabricated revenues"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Lernout & Hauspie fabricated hundreds of millions in Korean revenues through shell companies that existed only on paper.
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