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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.

Petrobras corruption

corporate scandals Petrobras
  • Estimated losses: $2 billion so far

Brazil's state-owned oil giant Petrobras (PBR) has been entangled in a sprawling corruption scandal for months.

Prosecutors have accused former executives of illegally "diverting" billions from its accounts for their personal use, or to pay off officials.

More than 80 people, including senior politicians, have been charged with bribery and money laundering during the criminal investigation, dubbed "Operation Car Wash."

Related: Brazil's Petrobras: We lost $2 billion to bribery

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

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