In 2001, Enron was forced to file bankruptcy due to fraudulent accounting practices (Enron). In 2003, the CEO of HealthSouth was charged with $1.4 billion in accounting fraud (SEC). In 2002, the SEC filed charges against former senior executives of Rite Aid for many fraudulent accounting practices including overstating net income by $1.6 billion (SEC).
"FINANCIAL STATEMENT FRAUD: INTENT - THE FINE LINE,"
The Corinthian: Vol. 7
, Article 1.
Available at: https://kb.gcsu.edu/thecorinthian/vol7/iss1/1