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Corporate Scandal: Waste management (1998) What happened: Reported $1.7 billion in fake earnings Outcome: Settled shareholder class-action suit for $457 million. SEC fine Arthur Andersen

Corporate Scandal:

Waste management (1998)

What happened: Reported $1.7 billion in fake earnings

Outcome: Settled shareholder class-action suit for $457 million. SEC fine Arthur Andersen $7 million.

How could this have been avoided? write multiple ways this scandal could have been avoided. Write a paragraph in detail.

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