$Super Micro Computer (SMCI.US)$ Here are some large, well-k...
$Super Micro Computer (SMCI.US)$ Here are some large, well-known U.S. companies that have faced repeated accounting-related issues or compliance problems, yet remain listed on major U.S. exchanges:
General Electric (GE): GE has faced multiple accounting issues over the years, including concerns about its insurance reserves, questionable revenue recognition, and irregularities in its power division accounting. GE remains listed on the New York Stock Exchange.
Wells Fargo (WFC): Although not pure accounting fraud, Wells Fargo has faced multiple scandals, including the unauthorized creation of customer accounts, misreporting in mortgage-backed securities, and improper fee assessments. These issues have led to billions in fines but not delisting.
Boeing (BA): Boeing has dealt with several issues related to its financial reporting, particularly surrounding cost estimation and accounting for its 787 Dreamliner program. The company also faced scrutiny for how it handled losses connected to the 737 Max. Boeing is still listed on the NYSE.
Tyco International: Tyco was involved in one of the largest corporate fraud cases in the early 2000s, with top executives found guilty of fraud and theft. After restructuring, the company continued to trade on the NYSE and eventually merged with Johnson Controls.
American International Group (AIG): AIG faced major accounting fraud allegations in the early 2000s, and in 2008 it required a government bailout due to its role in the financial crisis. The company has since restructured and remains publicly traded.
Citigroup (C): Citigroup has had repeated issues, particularly during the 2008 financial crisis and after, when it faced allegations of misleading investors about mortgage-backed securities and improper financial reporting. Despite these, it remains one of the largest banks and is listed on the NYSE.
IBM (IBM): IBM has faced allegations regarding revenue recognition practices and concerns about inflating sales results. While it has paid fines and faced lawsuits, it remains one of the largest tech companies listed on the NYSE.
Goldman Sachs (GS): Goldman faced scrutiny for its role in the 2008 financial crisis, including accusations of misleading investors about mortgage-backed securities. It has also faced fines for improper reporting and practices but remains one of the largest investment banks.
Facebook/Meta Platforms (META): Though not classic accounting fraud, Facebook faced regulatory issues over user data reporting, resulting in substantial fines and ongoing scrutiny.
These companies often avoid delisting by paying fines, restructuring, or addressing regulatory concerns, but repeated issues may tarnish their reputations.
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Lucky Dog An : Whose financial report does not have an audit report? Cannot find the auditor?
JBuff : Turning blind eye to the obvious
Warren Buffed : Too big to fail
InfiltradeR OP Warren Buffed : We'll see. It's a risk I'm taking.
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