Saturday, 28 March 2015

List of big 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
    AOL Time Warner
    BAE Systems bribery scandal related to the Al Yamamah contracts with Saudi Arabia
    Bayer, links to Josef Mengele's Auschwitz human experiments, HIV-tainted blood products, anti-Semitism, racism, Zyklon B production through IG Farben
    Bristol-Myers Squibb accounting scandal
    Brown & Williamson, for chemically enhancing the addictiveness of cigarettes, becoming the leading edge of the tobacco industry scandals of the 1990s, eventually resulting in the Tobacco Master Settlement Agreement
    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.
    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
    El Paso Corp.
    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
    Krupp, participation in arming Nazi Germany and in the Holocaust
    Lernout & Hauspie accounting fraud
    Lockheed bribery scandal in Germany, Japan, and Netherlands
    Livedoor scandal
    Marsh & Mclennan
    Merck Medicaid fraud investigation
    Mirant
    Morrison-Knudsen scandal. Led to William Agee's ouster
    Mutual-fund scandal (2003)
    Olympus Scandal
    Options backdating involving over 100 companies
    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 Communication
    RadioShack CEO David Edmondson lied about attaining a B.A. degree from Pacific Coast Baptist College in California
    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.
    S-Chips Scandals, Singapore
    Satyam Computers, India
    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
    David Wittig "looting" scandals
    Xerox alleged accounting irregularities involving auditor KPMG, causing restatement of financial results for the years 1997 through 2000 and fines for both companies

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