10 Biggest Recent Accounting Scandals in America

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5. Fannie Mae

2004 – $11 billion

Top executives at the mortgage firm were found guilty of misstating financial statements from 1998 to 2004. A fine of $400 million was imposed by the SEC, which charged the officers not only for violating accounting and corporate governance standards, but also with poor risk management. And now let’s see the top four entries in our list of biggest recent accounting scandals in America.

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