Corporate Scandal

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Corporate

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Corporate

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Corporate Scandal

LIST OF CORPORATE SCANDALS

Adelphia 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.

Enron Accounting Fraud , involving Arthur Andersen

Exxon overreporting of Oil reserves

Fannie Mae underreporting of Profit

Ford Firestone Fiasco Recall of tires.

Ford Pinto scandal

Guinness Affair

Hafskip 's collapse

Halliburton overcharging government contracts

Harken Energy Scandal

Lernout & Hauspie accounting fraud

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. ; older scandal involving cattle futures and Hilary Clinton

Savings And Loan Crisis

Royal Dutch/Shell Oil overstated its oil reserves twice,it downgraded 3.9 billion barrels, or about 20 percent of its total holdings.

Tobacco Industry scandal

Tyco International

Worldcom scandal

Mutual funds

Mutual Fund s scandals

Epicurum Fund / Parmalat

Mutual-fund Scandal (2003)

Insurance

--- AIG

--- Marsh & Mclennan

SEE ALSO

Accounting Scandals

Global Settlement

'' Conspiracy Of Fools ''