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).
* 1 List of corporate scandals
o 1.1 Mutual funds
o 1.2 Insurance
* 2 See also
* 3 Related media
* 4 References
 List of corporate scandals
* 2006 HP Spying Scandal
* American Airlines, deferred maintenance of aircraft
* Adelphia scandal
* 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 scandal
* Bristol-Myers Squibb
* 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
* El Paso
* 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
* IG Farben, participation in the Holocaust
* Kerr-McGee, the Karen Silkwood case
* Krupp, participation in arming Nazi Germany and in the Holocaust
* 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
* 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 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
* Société Générale, derivatives trading scandal causing multi-billion euro losses.
* Southwest Airlines, violations of safety regulations.
* Tyco International
* Union Carbide, the Bhopal disaster.
* ValuJet Airlines, loading live oxygen generators into cargo hold of passenger jet causing fatal crash
* 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
* Mutual-fund scandal (2003)
* Marsh & Mclennan
Source : Wikipedia