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Student protests in Europe backfired to an extent as
Accounting Scandal
An accounting scandal involves the deliberate manipulation of financial statements to create a false or misleading appearance of a company’s financial health, often to deceive investors and regulators.
Parmalat
An Italian dairy and food corporation that became famous for a massive corporate fraud and bankruptcy scandal in 2003.
WorldCom
A telecommunications company that was involved in one of the largest accounting fraud scandals in history, leading to its bankruptcy in 2002.
Volcker Rule
Part of the Dodd-Frank Wall Street Reform and Consumer Protection Act that restricts U.S. banks from making certain kinds of speculative investments that do not benefit their customers.
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