In the recent years, there might be lesser reported corporate accounting scandals due to more stringent corporate governance and policies, however, it doesn’t means there isn’t any. Just like one of the advertisement motto by National Crime Prevention Council : Low Crime Doesn’t Mean No Crime.
Hence, corporate accounting scandal is still a real risk that every investor (big or small) need to be aware of. Recently, I’ve chanced upon a very cool infographic about the 10 worst accounting scandals of all times (mostly in terms of billions).
Out of the 10 cases, top 3 are:
1. Enron Scandal (2001) – $74 billions
2. Bernie Madoff Scandal (2008) – $64 billions
3. Lehman Brothers (2008) – $50 billions
Check out the all 10 cases below: