How Big Is the Problem?
“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