6. Health South Corporation (2003)
Health South Corporation, the largest publicly traded US company was founded in 1984 to offer healthcare services. Though the company’s accounts were not trustworthy since 1996, the scandal wasn’t disclosed until 2003. The company’s income was falsely overstated by as much as 4700 percent, and $1.4 billion was inflated to meet the stockholders’ expectations. Convicted of bribing the governor of Alabama, CEO Scrushy was sentenced to 7 years in prison.
