Corporate scandals

medicineman · Nov 9, 2006

Here's a few corporate diddys to ponder"

Adelphia scandal
Bre-X scandal
Clearstream, which has been qualified as "the greatest financial scandal in Luxembourg" (Clearstream is a clearing house, i.e. sort of a "bank of banks", used to centralize credit & debit between banks and other financial organizations). As of 2006, it hasn't been resolved yet.
Compass Group, bribed the United Nations in order to win business.
Enron accounting fraud, involving Arthur Andersen
Exxon overreporting of oil reserves
Fannie Mae underreporting of profit
Ford Pinto scandal
Guinness affair
Hafskip's collapse
Halliburton overcharging government contracts
Harken Energy Scandal
Lernout & Hauspie accounting fraud
Morrison-Knudsen scandal Led to William Agee's ouster
Nortel executives overstate post-dot-com recovery earnings in order to earn bonuses
One.Tel collapse
Parmalat accounting scandal & mutual fund fraud
Phar-Mor company lied to shareholders. CEO eventually sentenced to prison for fraud and company eventually became bankrupt.
RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in California
Refco, Inc. commodities & futures scandal involving hidden debts involving underwritting firms Credit Suisse First Boston, Goldman Sachs, Bank of America Corp.
Royal Dutch Shell overstated its oil reserves twice, it downgraded 3.9 billion barrels, or about 20 percent of its total holdings.
Tyco International
Worldcom

https://www.rollitup.org/
[edit] Mutual funds

Mutual funds scandals

https://www.rollitup.org/
[edit] Insurance

Related Books and Movies

The Corporation - The history and critic of the corporation documentary and book
Conspiracy of Fools - Documentary about Enron
Enron: The Smartest Guys in the Room - the Oscar nominated documentary

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