Archives for October 2015

October 2015 - Page 5 of 30 - Money Morning - Only the News You Can Profit From

5 of the Biggest Corporate Scandals in U.S. History

There are approximately 30 million businesses operating in the U.S. today, according to the most recent U.S. Census Bureau data.

You can bet some of those 30 million have got corporates scandals baking behind the scenes…

We found out last week that Valeant Pharmaceuticals International Inc. (NYSE: VRX) is almost certainly one of them. On Oct. 21, short seller Citron Research accused Valeant of fraud. It said the firm was used Philidor Rx Services to create phantom sales by storing inventory and recording it as transactions.

But Valeant is just the latest discovery of corporate fraud in America.

Here are some of the biggest five fraud scandals in U.S. history...