financial scandal

A financial scandal occurs when individuals or organizations engage in deceptive or illegal activities involving money, often to gain unfair advantages or personal profit. These actions can include fraud, embezzlement, insider trading, or false accounting. Such scandals undermine trust in financial institutions, harm investors and the public, and can lead to significant legal and economic repercussions. They typically come to light through investigations, revealing breaches of laws and ethical standards that threaten the integrity of financial markets.