Summarize the events of a recent accounting scandal. Identify how the illegal or unethical act was detected and describe the punishments that resulted (fines, prison terms, etc.). Consider what could have been done to detect this act earlier or to prevent

In order to facilitate this week's discussion, I have compiled the following list of companies that have been associated with corporate scandals.  Those scandals went public between 2000 and 2002.   For the purposes of meeting the requirements for this class, we will consider them as recent. You may choose to research and discuss any one of them or research another company not on the list; however, if a company has been discussed by another student, you will need to choose another company:

1. XEROX

2. WORLD COM

3. TYCO

4. RELIANT ENERGY

5. QWEST COMMUNICATIONS INT

6. PEREGRINE SYSTEMS

7. NICOR ENERGY, LLC

8. MIRANT

9. MERCK

10. K-MART  

11. HALLIBURTON

12. GLOBAL CROSSING

13. ENRON

14. BRISTOL - MYERS SQUIBB

15. ARTHUR ANDERSEN

16. AOL TIME WARNER