10 Biggest Recent Accounting Scandals in America

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3. Lehman Brothers

2008 – $50 billion

In 2008, global financial services firm Lehman Brothers went bankrupt. The executives and their auditor Ernst & Young sold assets worth $50 billion of investors’ funds to banks in the Cayman Islands, which they masked as revenue. Though Lehman Brothers’ bankruptcy was the largest in U.S. history, the SEC has yet to file any charges due to lack of evidence.

10 Biggest Recent Accounting Scandals in America

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