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After continual losses mounting from 2011 Schlecker, with 52,000 employees, was forced into insolvency, though continued to run. Dynegy: United States: 6 July 2012: Energy: After a series of attempted takeover bids, and a finding of fraud in a subsidiary's purchase of another subsidiary, it filed for Chapter 11 bankruptcy. It emerged from ...
It involves an employee, account, or corporation itself and is misleading to investors and shareholders. [ 3 ] This type of " creative accounting " can amount to fraud, and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States.
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
A 2022 report by the Association of Certified Fraud Examiners found government accounts for 18% of occupational fraud cases, with local government making up 25% of those cases. The median loss to ...
Sears, Roebuck & Company, pleaded guilty to 1 count of fraud. [8] The Trump Organization, convicted of tax fraud, scheming to defraud, conspiracy, and falsifying business records. [9] Tyson Foods; Volkswagen, pleaded guilty to 3 criminal felonies related to its emissions scandal. [10] Waste Management, Inc
Ozy Media founder Carlos Watson was sentenced on Monday to nearly 10 years in prison, after a jury found him guilty in July of lying to investors about the now-defunct startup's finances and sham ...
In fiscal year 2024, the agency said it found over 730 cases of child labor violations, which resulted in uncovering the illegal employment of 4,030 children – a 31% increase since 2019.
People v. Trump Corporation is a state criminal case in New York. In July 2021, an indictment was issued against three defendants: the Trump Corporation and the Trump Payroll Corporation, both constituent entities of the Trump Organization; and Allen Weisselberg, Chief Financial Officer of the Trump Organization.