# data[].attributes.body
The SEC charged WorldCom with civil fraud and reached a $2.25 billion settlement.

# data[].attributes.body
WorldCom had engaged in a concerted effort to manipulate its earnings in order to meet Wall Street targets and support its stock price.

# data[].attributes.body
They manage to make $2.25 Billion

# data[].attributes.headline
overstated income and cash flow by capitalising expenses

# data[].attributes.subject
overstated income and cash flow by capitalising expenses

# data[].attributes.body
was unearthed by an employee running a spot check on the Mississippi-based company's books,

# data[].attributes.headline
The former CEO of WorldCom, Bernie Ebbers was the prime individual to blame for the scandal. Consequently, Bernie Ebbers' costed the company more than $3.8 billion in expenses, with over 17,000 employees losing their jobs, including the CFO, and COO. 

# data[].attributes.subject
The former CEO of WorldCom, Bernie Ebbers was the prime individual to blame for the scandal. Consequently, Bernie Ebbers' costed the company more than $3.8 billion in expenses, with over 17,000 employees losing their jobs, including the CFO, and COO. 

# data[].attributes.body
They were fined 2.25 billion

# data[].attributes.headline
Madoff convinced thousands of investors to hand over their savings, falsely promising consistent profits in return. He was caught in December 2008 and charged with 11 counts of fraud, money laundering, perjury, and theft.

# data[].attributes.subject
Madoff convinced thousands of investors to hand over their savings, falsely promising consistent profits in return. He was caught in December 2008 and charged with 11 counts of fraud, money laundering, perjury, and theft.

# data[].attributes.headline
In 2009 Madoff was sentenced to 150 years in prison and forced to forfeit $170 billion.

# data[].attributes.subject
In 2009 Madoff was sentenced to 150 years in prison and forced to forfeit $170 billion.

# data[].attributes.body
Bernie Madoff stole $65 billion from as many as 37,000 people. he was sentenced to 150 years in prison, forfeiture of US$17.179 billion and a lifetime ban from the securities industry. He operated the largest Ponzi scheme in history. He was able to defraud so many people because he was a trusted investor even becoming her chairman of the NASDAQ at one point.

# data[].attributes.body
Was found to have overstated profits by £263m after recognising irregularities in their half-year results.

# data[].attributes.headline
Tesco said it had found a 250 million pound overstatement of its expected profit, mainly due to booking commercial deals with suppliers too early. In the following days and weeks, Tesco suspended eight senior members of staff, including Bush and Scouler.

# data[].attributes.subject
Tesco said it had found a 250 million pound overstatement of its expected profit, mainly due to booking commercial deals with suppliers too early. In the following days and weeks, Tesco suspended eight senior members of staff, including Bush and Scouler.

# data[].attributes.headline
Patisserie Holdings announced that its board had been notified of potentially fraudulent accounting irregularities. The company subsequently entered into administration, leading to the closure of 70 stores and more than 900 job losses

# data[].attributes.subject
Patisserie Holdings announced that its board had been notified of potentially fraudulent accounting irregularities. The company subsequently entered into administration, leading to the closure of 70 stores and more than 900 job losses

# data[].attributes.body
WorldCom committed accounting fraud, overstating their profits by $11 billion. The company inflated earnings by counting routine expenses as long term expenditures, which do not have to be deducted as business costs. The fraud was discovered when Vice President Cooper led an early audit. They were ordered $750 million to compensate investors.

# data[].attributes.body
What were the consequences for Tesco?

# data[].attributes.headline
Accountancy firm Grant Thornton has been fined £2.3m for failures in its audits of collapsed cake chain Patisserie Valerie. 

# data[].attributes.subject
Accountancy firm Grant Thornton has been fined £2.3m for failures in its audits of collapsed cake chain Patisserie Valerie. 

# data[].attributes.body
the collapse followed the discovery of a huge black hole in the firm's accounts, eventually valued at £94m. After it went into administration, the cafe chain was found to have overstated its cash position by £30m and failed to disclose overdrafts of nearly £10m.

# data[].attributes.body
Tesco committed accounting fraud, overstating their profits by £263 million. They were forced to pay £193 million to settle the scandal. Tesco said it discovered the overstatement of its figures, made as part of a 29 August profit warning.

# data[].attributes.body
What happened to Tesco’s share price?

# data[].attributes.body
How was it found out?

# data[].attributes.body
Tesco had incorrectly booked supplier income by £250m but the error grew to £326m

# data[].attributes.headline
An ex employee reported the untrue financial statements not long after leaving

# data[].attributes.subject
An ex employee reported the untrue financial statements not long after leaving