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  2. WorldCom scandal - Wikipedia

    en.wikipedia.org/wiki/WorldCom_scandal

    WorldCom scandal. The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time. From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain ...

  3. Accounting scandals - Wikipedia

    en.wikipedia.org/wiki/Accounting_scandals

    Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating ...

  4. Enron scandal - Wikipedia

    en.wikipedia.org/wiki/Enron_scandal

    Enron scandal. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas. When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen —then one of the five largest audit and ...

  5. Mike Lynch, the UK tycoon who defeated US fraud charges ... - AOL

    www.aol.com/news/mike-lynch-uk-tycoon-defeated...

    But in late 2012, HP stunned Wall Street and the City of London by alleging a massive accounting scandal at the business, and writing off $8.8 billion of its value.

  6. Is it fraud, or just a mistake? - AOL

    www.aol.com/finance/sam-bankman-fried-elizabeth...

    Only one out of every three corporate frauds is ever caught, finance professors write in a new accounting study, but critics claim their definition of fraud is too broad.

  7. Fraud Files: Is Ernst & Young to Blame in Lehman Bros. Fraud?

    www.aol.com/news/2010-12-23-fraud-files-is-ernst...

    The theory is simple: Lehman Brothers committed a massive accounting fraud, and E&Y went along with it when they signed clean audit opinions. The press release from the Attorney General's office ...

  8. Bernie Madoff - Wikipedia

    en.wikipedia.org/wiki/Bernie_Madoff

    Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [ 2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [ 3][ 4] He was at one time chairman of the Nasdaq stock exchange. [ 5]

  9. Wirecard scandal - Wikipedia

    en.wikipedia.org/wiki/Wirecard_scandal

    The Wirecard scandal ( German: Wirecard-Skandal) was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany. The company was part of the DAX index. They offered customers electronic payment transaction ...