Enron A massive fraud case brought down not only Enron, but Big Five accounting firm Arthur Andersen, boosting the case for the Sarbanes-Oxley Act of 2002.
With Occupy Wall Street protests spreading from New York to cities across the country, Corporate America’s reputation is under scrutiny. The drum circles are banging out their complaints about bailouts and profiteering among banks, which they say is scandalous in the face of job losses and other hardships faced by average citizens. But scandal, of course, is no stranger to the business world. Whenever there’s a great deal of money to be made, people will find ways to show stunningly poor judgment and/or malicious intent. Not to pile it on, but we thought this would be an appropriate moment to list of some of the biggest corporate scandals in our history. They involve allegations of money laundering, spying and Ponzi-scheming. Those significantly tarred by these events include a President of the United States, a bevy of Hollywood celebs, and even early American settlers. As for lessons learned? We can always convince ourselves that these moments of infamy could never happen again. That is, until the next one does.
Dennis McCafferty is a freelance writer for Baseline Magazine.
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.