10 Biggest Recent Accounting Scandals in America

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8. American International Group (NYSE:AIG)

2005 – $3.9 billion

The CEO of the multinational insurance company was alleged to be the mastermind of a major accounting fraud and stock price manipulation that rank 8th in our list of biggest recent accounting scandals in America. A series of fraud investigations conducted by the SEC in 2005 led to the restatement of the company’s financial statements for several years. Though the CEO did not face any criminal charges during that time, he recently admitted to the accounting fraud and has agreed to pay $9 million to New York.

10 Biggest Recent Accounting Scandals in America

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Follow American International Group Inc. (NYSE:AIG)

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