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by asmithmd1 4616 days ago
Yes, WorldCom leaps to mind

http://www.accounting-degree.org/scandals/

They misstated costs as investments and were able to show big profits - for a while.

1 comments

While Worldcom is one incident where one(?) person was punished, it is from 2002, and from that page, it was following that incident that they enacted SOX, which afaik hasn't been used since. Or if it has, the incidents have been few and far between. I will continue to believe the system is rigged.