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Accounting scandals

WorldCom, Health South, Enron, Adelphia, Tyco.

The financial horror show unfolding across the United States is nothing less than a corporate crime wave of epic proportions. The economic security of millions of Americans has been jeopardized by the systematic looting of public corporations and the economy as a whole by greedy insiders who walk away with tens or hundreds of millions of dollars while investors and employees see their jobs and savings evaporate. Many of the country's biggest corporations are either bankrupt or engulfed in scandal. We must stop corporate crime!

Don’t be fooled by the corporate apologists who blame "a few bad apples." The fact is, this crime wave is a direct result of corporate America’s scheme over the past quarter century to buy off Congress and the White House and foist a cruel agenda of deregulation, privatization and blind free-market worship on the public. The victims of corporate crime are the workers, elderly retirees, children and small business entrepreneurs who fuel the economy with their work and spending.

Public Citizen believes that the CEOs who commit crime in the suites should go to jail and be stripped of their ill-gotten gains. In addition, Congress should enact strong laws to protect consumers and shareholders from corporate abuses. Information about the breadth of the financial crime wave - and what can be done to put an end to it - is contained in this section.

    » corpcrime | accting


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