A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. A corporate scandal sometimes involves accounting fraud of some sort. A wave of such scandals swept United States companies in 2002 (accounting scandals of 2002). A scandal is a widely publicized incident involving allegations of wrong-doing, disgrace, or moral outrage. ... It has been suggested that Accounting scholarship be merged into this article or section. ... For album titles with the same name, see 2002 (album). ... In 2002, a wave of accounting scandals broke in the fraud, and a series of investigations have been launched by the U.S. Securities and Exchange Commission. ...

List of corporate scandals

• 2006 HP Spying Scandal
• Adelphia scandal
• BAE Systems bribery scandal in Saudi Arabia (Al Yamamah contract)
• 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
• Firestone Tire and Rubber Company for use of child labor
• Ford Pinto scandal
• Guinness affair
• Hafskip's collapse
• Halliburton overcharging government contracts
• Harken Energy Scandal
• Lernout & Hauspie accounting fraud
• Lockheed Corporation bribery scandal in Japan
• Lockheed Corporation bribery scandal in Netherlands
• Lockheed Corporation scandal in Germany
• MG Rover Group accounts and pensions scandal
• 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
• Options backdating involving over 100 companies
• 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
• Xerox alleged accounting irregularities involving auditor KPMG, causing restatement of financial results for the years 1997 through 2000 and fines for both companies.

There are very few or no other articles that link to this one. ... Adelphia Communications Corporation, named after the Greek word brothers, was the fifth largest cable company in the United States before filing for bankruptcy in 2002 due to internal corruption. ... BAE Systems plc is the worlds fourth largest defence contractor,[3] the largest in Europe and a commercial aerospace manufacturer. ... RSAF Tornado IDS Al Yamamah (The Dove) is the name of a series of massive arms sales by the United Kingdom to Saudi Arabia, which have been paid for by the delivery of up to 600,000 barrels of oil per day to the UK government. ... Bre-X logo Bre-X Minerals Ltd. ... Clearstream Banking S.A. (CB) is the clearing division of Deutsche Börse, based in Luxembourg. ... The British company Compass Group is one of the largest food service businesses in the world. ... The foundation of the U.N. The United Nations (UN) is an international organization whose stated aims are to facilitate co-operation in international law, international security, economic development, social progress and human rights issues. ... Enron Creditors Recovery Corporation, formerly Enron Corporation, is a defunct America energy company based in Houston, Texas. ... Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. ... Arthur Andersen, see Arthur Andersen LLP v. ... Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), headquartered in Irving, Texas, is an oil producer and distributor formed on November 30, 1999, by the merger of Exxon and Mobil. ... Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... The United States Federal Government created the Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, in 1938 to establish a secondary market for mortgages insured by the Federal Housing Administration (FHA). ... This article or section does not cite any references or sources. ... The Firestone Tire and Rubber Company was founded by Harvey Firestone in 1900. ... Child laborers coming out of a dye factory, Dhaka, Bangladesh Child labor (or child labour) is the employment of children under an age determined by law or custom. ... The Ford Pinto was an American subcompact car manufactured by the Ford Motor Company, first introduced in 1971, and built through the 1980 model year. ... The Guinness share-trading fraud was a famous British business scandal of the 1980s. ... Hafskip was Icelands second-largest shipping line before its collapse which became a national scandal. ... Halliburton Energy Services (NYSE: HAL) is a multinational corporation with operations in over 120 countries. ... Refers to a series of transactions entered into during 1990 involving Harken Energy. ... Lernout & Hauspie Speech Products, or L&H, was a Belgium-based speech and language technology leader company, which was founded by Jo Lernout and Pol Hauspie, and which went bankrupt in 2001. ... The Lockheed SR-71 was remarkably advanced for its time and remains unsurpassed in many areas of performance. ... The Lockheed SR-71 was remarkably advanced for its time and remains unsurpassed in many areas of performance. ... The Lockheed SR-71 was remarkably advanced for its time and remains unsurpassed in many areas of performance. ... MG Rover was the last British-owned mass-production car manufacturer in the British motor industry. ... Northern Telecommunications Networks, commonly known as Nortel, is a telecommunications equipment manufacturer headquartered in Canada. ... One. ... Options backdating is the process of granting an employee stock option that is dated prior to the date that the company granted that option. ... Parmalat logo. ... Phar-Mor was a U.S. chain of discount drug stores, based in Youngstown, Ohio and founded by Michael I. Monus (usually called Mickey Monus) and David S. Shapira in 1982. ... The exterior of a typical free-standing RadioShack store. ... Dave Edmondson David J. Edmondson (born 1960) is the former CEO and President of RadioShack. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... Refco (NYSE: RFX), once Ray E. Friedman and Co. ... Credit Suisse First Boston (CSFB) is a bulge bracket New York City based investment banking and financial services firm. ... Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ... Bank of America (BofA) (NYSE: BAC) is the largest bank in the United States of America, in terms of deposits. ... Royal Dutch Shell PLC is a multinational oil company (oil major) of Anglo Dutch origin. ... Tyco International Ltd. ... For a time, WorldCom (WCOM) was the United States second largest long distance phone company (AT&T was the largest). ... Xerox Corporation (NYSE: XRX) is an American document management company, which manufactures and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies. ... KPMG is one of the largest professional services firms in the world. ...

Mutual funds

Mutual funds scandals The definition of a mutual fund is a form of collective investment that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities. ...

• Epicurum fund/Parmalat
• Mutual-fund scandal (2003)

Parmalat logo. ... The mutual fund scandal of 2003 was the result of the discovery of both illegal and unethical trading practices on the part of certain hedge fund and mutual fund companies. ...

Insurance

• AIG
• Marsh & Mclennan

American International Group, Inc. ... Marsh & McLennan Companies (MMC) (NYSE: MMC) is a US-based global professional services and insurance broker firm. ...

See also

• Accounting scandals
• Corporate crime
• Global settlement

Related Books and Movies Accounting scandals, or corporate accounting scandals are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations. ... In criminology, corporate crime refers to crimes either committed by a corporation, i. ... The Global Settlement was a legal settlement reached to resolve issues of conflict of interest at brokerage firms. ...

• 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
• Children of the Night- for a novel dealing with the effects of accounting scandals on the lives of people - at http://www.directtextbook.com/prices/142574995X