Named events in which a company or its executives engaged in accounting manipulation, bribery, market manipulation, a Ponzi scheme, or other deliberate deception of investors, regulators or customers, including falsified financial statements, rigged benchmarks, undisclosed bribery and fabricated test results. Belongs here: any event whose defining act is intentional deception rather than an ordinary business failure or a product safety lapse. Does not belong here: a bankruptcy or collapse with no central element of deception, grouped under Bankruptcies and Collapses, and a product recall or safety incident with no element of deliberate concealment, grouped under Product Safety and Operational Crises.
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1. Wikipedia: Corporate crime
WikipediaCorporate crime, Recognition sectionQuote, Corporate crime, Recognition section
corporate crime was not officially recognized as an independent area of study until Edwin Sutherland provided a definition of white-collar crime in 1949
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