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In 2005, after a scandal on insurance and mutual funds the year before, AIG was investigated for accounting fraud. The company already lost over $45 billion worth of market capitalization because of the scandal. Investigations also discovered over a $1 billion worth of errors in accounting transactions.
Kinney National Company financial scandal; Lernout & Hauspie accounting fraud; Lockheed bribery scandal in Germany, Japan, and the Netherlands; Livedoor scandal; Luxembourg Leaks. Luxembourg under Jean-Claude Juncker's premiership had turned into a major European centre of corporate tax avoidance. [34] Marsh McLennan; Merck Medicaid fraud ...
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
The credentials: Enron's bankruptcy was the largest in U.S. history at the time, but more importantly, was the most egregious example of planned accounting fraud ever seen. So much so that it was ...
The competitor — an electric truck startup named Nikola — had just been rocked by news of its executive chairman’s resignation following a serious accusation of fraud. The news might be ...
Enron became synonymous with willful, institutional fraud and systemic corruption. The scandal brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactment of the Sarbanes–Oxley Act of 2002.
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings.
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