List of corporate scandals 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 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 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 The Federal National Mortgage Association (FNMA) (), commonly known as 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 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
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. 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 , or about 20 percent of its total holdings. Salad oil scandal, where millions in loans were obtained on largely nonexistent inventories of salad oil Socit Gnrale, derivatives trading scandal causing multi-billion euro losses. Southwest Airlines, violations of safety regulations. Tyco Internationalexecutive 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
Company Allied Crude Vegetable Oil-salad oil scandal
