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A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals).
Shares of Convoy Global Holdings, the financial services company at the centre of Hong Kong's biggest corporate scandal, will be delisted on Tuesday as it had failed to fulfil its obligation that ...
The company also employed children past 7 p.m. on weekdays, according to investigators. The Fair Labor Standards Act prohibits 14 and 15 year-old teens from working before 7 a.m. or after 7 p.m ...
The Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
In mid September 2021, The Wall Street Journal began publishing articles on Facebook based on internal documents from unknown provenance. Revelations included reporting of special allowances on posts from high-profile users ("XCheck"), subdued responses to flagged information on human traffickers and drug cartels, a shareholder lawsuit concerning the cost of Facebook (now Meta) CEO Mark ...
Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating" customers out of more than $2 billion in lost ...
The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses. [1]