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The $500 Headphones That Fooled America — The $34 Million Koss Embezzlement Fraud
In 1958, John C. Koss invented the stereo headphone from a basement using cardboard cups and a coat hanger. Koss Corporation soon dominated the American audio industry, putting their headphones on Air Force One and into major recording studios across the country. Yet, the company that revolutionized private listening was ultimately brought to ...
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