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7 of the biggest corporate scandals

From Bernie Madoff to Volkswagen, here are some of the most outrageous white-collar crimes and corporate scandals of recent times.

Volkswagen emissions scandal

rusty volkswagen
  • Estimated losses: up to $87 billion

Volkswagen, the world's biggest automaker, admitted rigging diesel emissions tests in America and Europe.

The scandal cost former CEO Martin Winterkorn his job, and the company is being investigated by authorities in numerous countries.

Credit Suisse estimates that the total cost to the company could hit 78 billion euros ($87 billion) in a worst case scenario. Volkswagen has described that number as "nonsense."

Related: Volkswagen in crisis

  @ivanakottasova - Last updated October 14 2015 12:23 PM ET