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From the late 1970s and through the 1980s, Exxon, one of predecessors of ExxonMobil, had a public reputation as a pioneer in climate change research. [18] Exxon funded internal and university collaborations, broadly in line with the developing public scientific approach, and developed a reputation for expertise in atmospheric carbon dioxide (CO 2). [19]
Accounting fraud. An auditor was murdered, an adviser committed suicide. The largest collapse in Hong Kong history. Texaco: United States: 13 April 1987: Oil: After a legal battle with Pennzoil, whereby it was found to owe a debt of $10.5 bn, Texaco went into bankruptcy. It was later resurrected and taken over by Chevron. Qintex: Australia ...
The fraud triangle is a model for explaining the factors that cause someone to commit fraudulent behaviors in accounting. It consists of three components, which together, lead to fraudulent behavior: Incentives/pressure: Management or other employees have incentives or pressures to commit fraud.
The lawyers' opening statements kicked off a long-awaited trial in a civil lawsuit filed by the attorney general last year accusing Exxon of defrauding investors out of up to $1.6 billion. The ...
It featured testimony from investors, experts and former Exxon CEO Rex Tillerson, who flatly denied the allegations against the company. CORRECTED-Exxon's climate change fraud trial to wrap up in ...
The 2016 documentary film Climate Hustle, co-written and presented by Marc Morano of climate change denial group ClimateDepot, was produced by "CFACT Presents", with the organization's president and executive director, David Rothbard and Craig Rucker, receiving executive producer credits.
Indian billionaire Gautam Adani has been charged with fraud in the US, which has accused him of orchestrating a $250m (£198m) bribery scheme and concealing it to raise money in the US.
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).