The 10 Biggest Corporate Frauds in the US

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No. 2 Satyam Scandal (2009)

The Indian IT services accounting firm was falsely boosting revenues by $1.5 billion, falsifying revenues, margins and cash balances. Founder Ramalinga Raju admitted his fraud to the company’s board of directors and was convicted for trust breach, conspiracy, cheating and falsification of records. Yet, he was ultimately released, as the Central Bureau of Investigation failed to file charges on time.

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