Wirecard Headquarters Raided in Probe of Accounting Scandal More File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in … Wirecard, one of Europe's leading financial technology companies, is at the heart of one of the region's biggest corporate accounting scandals … The 10 biggest company scandals of 2020. Accounting Scandals – List and Overview. (BBC) Surprise Tax Forms Show Extent of Unemployment Fraud in U.S. The ACFE believes that large, noteworthy fraud cases like Enron or Bernie Madoff will live on in infamy and provide valuable lessons for fraud fighters and the general public. The 10 biggest recent accounting scandals in America have shaken the nation and affected investor confidence.Though not all scandals are … Nov 30, 2020 – 11.59pm These scandals involved cheating investors, duping stakeholders, and rendering many people jobless. Luckin Coffee files for bankruptcy after accounting scandal Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked. Australian bank fee scandal. India rocked by massive IT fraud, fears for economy, jobs 08 Jan, 2009, 03.13 PM IST The U.S. isn't the only country to face banking scandals recently. 24, 2020, 07:36 AM. Houston manager AJ Hinch and general manager Jeff Luhnow were suspended for the entire season Monday, Jan. 13, 2020, and the team was fined $5 million for sign-stealing by the team in … February 1, 2021. REUTERS/Michael Dalder. ... Wirecard, disclosed an “accounting error” that inaccurately inflated their balance sheet by $2.3 billion. Ryan Luke. 14 Biggest Accounting Scandals of All Time That You Cannot Ignore. OpinionFront provides a list of some of the biggest scandals in corporate history. Freedom Foods' accounting scandal is a shocker As the legendary business columnist Pierpont would say, finance journalism owes Freedom Foods and commerce students a huge debt. That is why we, along with input from our members, have selected the following five stories as the most noteworthy frauds of 2019. The last two decades saw some of the worst accounting scandals in history. 3. A special fraud team is to investigate the billion-dollar false accounting scandal at Indian outsourcing giant Satyam Computers. According to U.K. Finance, there was a 20% increase in bank transfer fraud linked to romance scams in 2020 compared to 2019. Recent reports and investigations, however, indicate that this “growth” – particularly into Asia – was merely the product of a widespread accounting fraud scandal. Jun. Accounting scandals have served as stark reminders of the low points in corporate history.