Simon Worldwide, Inc.

18952 MacArthur Blvd Ste 470
Irvine, CA, 92612-1415  United States
(949) 251-4660
Company Type: Corporation Parent

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Here is a true business tragedy, a successful company brought low by the machinations of a lone employee. Simon Worldwide once offered an array of promotional marketing services, but the firm was dealt a severe blow in 2001 when a Simon employee rigged McDonald's Monopoly game promotion by hoarding winning game pieces. (The employee pleaded guilty to embezzlement.)  McDonald's, a 25-year client that accounted for the bulk of Simon's sales, stopped doing business with the company, as did Simon's second-largest client, Philip Morris. The company then shut down its promotional marketing business to focus on resolving legal issues arising from the scandal; it has no operations. As it works to settle the remaining claims, contractual obligations, and litigation caused by the 2001 events, Simon is evaluating potential combinations with operating businesses. Since 2001 the company has reduced its workforce from 136 employees to fewer than five, and its auditors have questioned whether Simon will be able to stay in business.

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Simon Worldwide, Inc.

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Corporation Parent
Address
18952 MacArthur Blvd Ste 470
Irvine ​, CA, 92612-1415
United States
See other locations
Phone
(949) 251-4660
Company Description

Here is a true business tragedy, a successful company brought low by the machinations of a lone employee. Simon Worldwide once offered an array of promotional marketing services, but the firm was dealt a severe blow in 2001 when a Simon employee rigged McDonald's Monopoly game promotion by hoarding winning game pieces. (The employee pleaded guilty to embezzlement.)  McDonald's, a 25-year client that accounted for the bulk of Simon's sales, stopped doing business with the company, as did Simon's second-largest client, Philip Morris. The company then shut down its promotional marketing business to focus on resolving legal issues arising from the scandal; it has no operations. As it works to settle the remaining claims, contractual obligations, and litigation caused by the 2001 events, Simon is evaluating potential combinations with operating businesses. Since 2001 the company has reduced its workforce from 136 employees to fewer than five, and its auditors have questioned whether Simon will be able to stay in business.

Key Principal
Greg Mays See more contacts
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Company Snapshot

Essential information for a successful call

  •  EMPLOYEES (This Site) 4
  •  EMPLOYEES (All Sites) 4
  • ASSETS (MIL USD) 1
  • TICKER SYMBOL SWWI
  • Year Started 2001
  • Incorporated 1990
  • FISCAL YEAR END DEC

Get in Touch with 4 Principals* and 4 Contacts

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  • Greg Mays
    Chief Executive Officer
  • IRA TOCHNER
    Chairman of the Board
  • ANTHONY ESPIRITU
    Chief Financial Officer
  • TERRENCE WALLOCK
    Secretary and General Counsel

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