Waste Management Inc. is a publicly-traded US waste management company. In 1998, the companys new CEO and his management team discovered that the company had reported over $1.7 billion in fake earnings.

The Securities and Exchange Commission (SEC) found the companys owner and former CEO, Dean L Buntrock, guilty, along with several other top executives. In addition, the SEC fined Waste Managements auditors, Arthur Andersen, over $7 million. Waste Management eventually settled a shareholder class-action suit for $457 million.

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