10 Biggest Recent Accounting Scandals in America

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9. Weatherford International (NYSE:WFT)

2012 – $900 million

The accounting executives of the oil services company were blamed for using deceptive income tax accounting which led to the company’s earnings increasing by more than $900 million between 2007 and 2012. The company agreed to pay a $140 million penalty and restated its financial statements.

10 Biggest Recent Accounting Scandals in America

Zadorozhnyi Viktor/Shutterstock.com

Follow Weatherford International Plc (TSE:WFRD)

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