Corporate scandal

A corporate scandal is a scandal involving allegations of unethical behavior by people acting within or on behalf of a corporation. A corporate scandal sometimes involves accounting fraud of some sort. A wave of such scandals swept many United States companies in 2002 (see list at accounting scandals).
List of corporate scandals
*2006 HP Spying Scandal
*Adelphia scandal
*BAE Systems bribery scandal related to the Al Yamamah contracts with Saudi Arabia.
*Bank of Credit and Commerce International 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.
*Chiquita Brands International Financing terrorist organizations
*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
*Firestone Tire and Rubber Company for use of child labor
*Ford Pinto scandal
*Guinness affair
*Hafskip's collapse
*Halliburton overcharging government contracts
*Harken Energy Scandal
*Lernout & Hauspie accounting fraud
*Lockheed bribery scandal in Germany, Japan, and Netherlands
*MG Rover Group accounts and pensions scandal
*Morrison-Knudsen scandal. Led to William Agee's ouster
*Nortel executives overstate post-dot-com recovery earnings in order to earn bonuses
*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.
*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.
*Rite Aid accounting fraud
*Royal Dutch Shell overstated its oil reserves twice, it downgraded 3.9 billion barrels, or about 20 percent of its total holdings.
*Salad oil scandal, where millions in loans were obtained on largely nonexistent inventories of salad oil
*Tyco International
*WorldCom
*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 scandal
*Northern Rock, United Kingdom
*Satyam Computers, India
*S-Chips Scandals, Singapore
Mutual funds
*Epicurum fund/Parmalat
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Insurance
*AIG
*Marsh & Mclennan

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