How Big Is the Problem?

From the August 2002 Trumpet Print Edition

“So far, we’ve only heard about accounting irregularities at a handful of major corporations. But our surveys indicate that thousands may have engaged in similar practices.”

. Martin D. Weiss, PhD .

America’s leading advocate for financial safety

Companies that have come under investigation for the following accounting irregularities:

Merck $14 billion

Reliant Resources $7.9 billion

Xerox $6.4 billion

Worldcom $3.9 billion

Rite Aid $2.3 billion

Waste Management $1 billion

Accounting and financial scandals have also occurred at:

Adelphia Communications, CMS Energy Corp., Dynegy, Enron Corp., Global Crossing, ImClone Systems, Qwest Communications International, Tyco International