List of Corporate Scandals - List of Corporate Scandals

List of Corporate Scandals

  • 2006 HP Spying Scandal
  • 2008 Siemens Scandal, involving cases of bribery on behalf of Siemens towards the Greek Government
  • American Airlines, deferred maintenance of aircraft
  • Adelphia officers trial and prison sentence
  • AOL Time Warner
  • Arthur Andersen
  • BAE Systems bribery scandal related to the Al Yamamah contracts with Saudi Arabia
  • Bank of Credit and Commerce International scandal
  • Barings Bank, derivatives trading scandal
  • Bayer, links to Josef Mengele's Auschwitz human experiments, HIV-tainted blood products, anti-Semitism, racism
  • Bre-X gold mining and stock scandal
  • Bristol-Myers Squibb accounting scandal
  • Carrian Group
  • 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.
  • Chiquita Brands International Financing terrorist organizations
  • CMS Energy
  • Compass Group, bribed the United Nations in order to win business
  • Corrib gas controversy Kilcommon, Erris, Co. Mayo, Ireland
  • Deutsche Bank, spying scandal
  • Duke Energy
  • Dynegy
  • El Paso Corp.
  • Enron accounting fraud, involving Arthur Andersen
  • Exxon overreporting of oil reserves
  • Fannie Mae underreporting of profit
  • Firestone Tire and Rubber Company for use of child labor
  • FlowTex, the largest corporate scandal in German history
  • Ford Pinto scandal
  • Global Crossing
  • Guinness affair
  • Hafskip's collapse
  • Halliburton overcharging government contracts
  • Harken Energy Scandal
  • HealthSouth reporting exaggerated earnings
  • Homestore.com
  • IG Farben, participation in the Holocaust
  • Kerr-McGee, the Karen Silkwood case
  • Kinney National Company financial scandal
  • Kmart
  • Krupp, participation in arming Nazi Germany and in the Holocaust
  • Lernout & Hauspie accounting fraud
  • Lockheed bribery scandal in Germany, Japan, and Netherlands
  • Livedoor scandal
  • Long-Term Capital Management - LTCM
  • Merck Medicaid fraud investigation
  • MG Rover Group accounts and pensions scandal
  • Mirant
  • Morrison-Knudsen scandal. Led to William Agee's ouster
  • Nicor Energy
  • Nortel executives overstate post-dot-com recovery earnings in order to earn bonuses
  • Olympus Scandal
  • One.Tel collapse
  • Options backdating involving over 100 companies
  • Parmalat accounting scandal & mutual fund fraud
  • Peregrine Systems corporate executives convicted of accounting fraud
  • Phar-Mor company lied to shareholders. CEO eventually sentenced to prison for fraud and company eventually became bankrupt
  • Polly Peck scandal
  • Qwest Communications
  • 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
  • Reliant Energy
  • Rite Aid accounting fraud
  • Royal Dutch Shell overstated its oil reserves twice, it downgraded 3,900,000,000 barrels (620,000,000 m3), or about 20 percent of its total holdings.
  • Salad oil scandal, where millions in loans were obtained on largely nonexistent inventories of salad oil
  • Société Générale, derivatives trading scandal causing multi-billion euro losses
  • Southwest Airlines, violations of safety regulations
  • Tyco International, executive theft and prison sentence
  • Union Carbide, the Bhopal disaster
  • ValuJet Airlines, loading live oxygen generators into cargo hold of passenger jet causing fatal crash
  • WorldCom / MCI accounting scandals
  • Xerox alleged accounting irregularities involving auditor KPMG, causing restatement of financial results for the years 1997 through 2000 and fines for both companies
  • David Wittig "looting" scandals
  • Northern Rock bank - subprime mortgage crisis and nationalisation, United Kingdom
  • Satyam Computers, India
  • S-Chips Scandals, Singapore
  • Sony including rootkits on audio cds; then providing a security hole as solution

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