A corporate scandal is a scandal involving allegations of unethical behavior on the part of a company. 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).

List of corporate scandals

• 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
• 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 scandal

Mutual funds

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

Insurance

• • AIG
  • Marsh & Mclennan

See also

• Accounting scandals
• Corporate crime
• Global settlement
• Conspiracy of Fools

Corporate scandals | Corporate crime | Business ethics | Multinational companies | Political corruption | Fraud