With the capitalist ideology always backing it up, the American corporate world has achieved heights that no other nation could even dream of. Name any business or non-business sector, and by one way or another, you would find an American connection leading it. But the very thing that makes capitalism the most favored ideology for the business the world, which is competitiveness, sometimes also becomes the reason behind its downfall. According to experts at homework assignment help services, top executives and decision-makers sometimes plunder with numbers in such a way that it doesn’t end up good for anyone.

This is either out of a wrong sense of competition or to meet their personal interests. But whatever the reason is, it feels like corporates still haven’t learned their lesson and continue to repeat the same mistakes. That’s why it becomes important to keep the mistakes of the past, along with the consequences, always in perspective to ensure that history doesn't repeat itself. So let us have a look at top 2 American corporate frauds that pushed many to become the next version of themselves; for better or worse. These cases can also be taken as an interesting topic of finance assignment.

Enron’s is by far the biggest American corporate scandal. Founded in 1985, in Houston, Texas, the company was America's one of the biggest energy company. The guys at the helm of the company were many times hailed as America’s best and smartest. Enron’s impact on the nation’s economy and business was such that it soon started to gain political favors. Judging the companies pace, investors took an immense liking, and the company soon went public. But things went from 100 to 0 in no time when its executives took to "Book cooking” to inflate its revenue numbers and to hide the financial mishappening that the company had suffered because of multiple loss-making deals. Investors and shareholders soon filed a $40 billion lawsuit against the company and its management, which finally resulted in Enron’s bankruptcy in December of 2001. Many of the executives were also ordered to do time for their willing involvement in this corporate fraud. Enron’s case study could give hundreds of finance assignment topics.

The WorldCom scandal has a special place in history for two reasons. First, according to experts at homework assignment help services, it holds the record of the biggest American corporate fraud. A record previously held by Enron. And second, the fraud made the country’s Congress pass the Sarbanes-Oxley Act of 2002, which has multiple provisions to protect the interest of shareholders against corporate activities that seek to commit financial frauds for showcasing false profits. WorldCom was all set to become America's telecom leader when the dotcom bubble finally burst, sending the company to backfoot. Executives took the aid of their accounting skills and showed expenses as investments to make their losses look like billions of dollar in profits.

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