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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.

Olympus accounting fraud

corporate scandals olympus
  • Estimated losses: $1.7 billion

Former executives at Olympus (OCPNY) admitted to an accounting fraud worth $1.7 billion lasting more than a decade.

It nearly brought the Japanese electronics company down.

The scandal came to light in October 2011 when former CEO Michael Woodford blew the whistle on $1.5 billion in suspicious payments.

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

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