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By Kenzi Abou-Sabe and Adiel Kaplan. A consumer advocacy group is suing Starbucks, the world’s largest coffee brand, for false advertising, alleging that it sources coffee and tea from farms with...
Discover the 10 biggest corporate scandals of all time – including the Apple, Enron and VW scandals – and learn how they affected companies’ share prices.
Kraft Heinz and two of its former high-ranking executives settled charges with the Securities Exchange Commission, which found the company engaged in a “years-long accounting scheme” involving ...
New York CNN — Starbucks is being sued by a consumer advocacy group alleging that the global coffee chain falsely and deceptively advertises the “committed to 100% ethical sourcing” claim on its...
Ernst & Young, one of the top accounting firms in the world, is being fined $100 million by federal regulators after admitting its employees cheated on their ethics exams.
Ernst & Young, one of the world’s largest auditing firms, has agreed to pay a $100 million fine after U.S. securities regulators found that hundreds of its auditors had cheated on various ethics ...
This article uncovers some of the less talked about company scandals and how they affected others during the health crisis. #1. Wirecard. The German payment processing company, Wirecard,...
According to the SEC's order, from the last quarter of 2015 to the end of 2018, Kraft engaged in various types of accounting misconduct, including recognizing unearned discounts from suppliers and maintaining false and misleading supplier contracts, which improperly reduced the company's cost of goods sold and allegedly achieved "cost savings."
Amid widening income inequality and the aftermath of the Great Recession, many of the past decade’s major corporate scandals also seem to expose deeper, more widespread problems — the decade’s...
Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.