10 Corporate Scandals that shook the world !

1. Enron Scandal (2001)
2. WorldCom Scandal (2002)
3. Bernard L. Madoff Investment Securities LLC (2008)
4. Satyam Scandal (2009)
5. Wells Fargo Scandal (2016)
6. Theranos Scandal (2018)
7. 1MDB Scandal (2015-2018)
8. Wirecard Scandal (2020)
9. Valeant Pharmaceuticals Scandal (2015)
10. Takata Airbag Scandal (2015-2017)

Enron Scandal: Enron, an energy company based in Houston, Texas, was found to have engaged in widespread accounting fraud and insider trading. The scandal led to the bankruptcy of the company and criminal charges against several high-level executives.
WorldCom Scandal: WorldCom, a telecommunications company, was found to have engaged in accounting fraud to inflate earnings. The company filed for bankruptcy and several executives were convicted of securities fraud.
Bernard L. Madoff Investment Securities LLC: Bernard Madoff, the chairman of Madoff Investment Securities, was found to have operated a Ponzi scheme that defrauded thousands of investors out of billions of dollars.
Satyam Scandal: Satyam Computer Services, an Indian IT services company, was found to have falsified its financial statements to inflate revenue and profits. The company's chairman and several other executives were convicted of fraud.
Wells Fargo Scandal: Wells Fargo, one of the largest banks in the United States, was found to have opened millions of unauthorized accounts in customers' names. The bank was fined and several executives resigned.
Theranos Scandal: Theranos, a biotech startup, was found to have falsified test results and misled investors about the capabilities of its blood-testing technology. The company's CEO and COO were charged with fraud.
1MDB Scandal: 1Malaysia Development Berhad (1MDB) is a state investment fund established to promote economic development in Malaysia, but it was found to have been used to siphon off billions of dollars by high-level officials and their associates.
Wirecard Scandal: Wirecard, a German payments company, was found to have inflated its revenue and profits for several years. The company's CEO was arrested, and the company filed for insolvency.
Valeant Pharmaceuticals Scandal: Valeant Pharmaceuticals, a Canadian pharmaceutical company, was found to have engaged in price gouging and accounting fraud. The company's CEO resigned and the company was fined.
Takata Airbag Scandal: Takata, a Japanese airbag manufacturer, was found to have used defective airbags that could rupture and spray metal shrapnel into vehicles. The company filed for bankruptcy and several executives were convicted of fraud.

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