What are the top 10 financial scandals of the year?

As of my last update in September 2021, here are ten notable financial scandals from that year:

1. Archegos Capital Management: A massive margin call triggered large losses for Archegos and several major banks involved, including Credit Suisse and Nomura.

2. Greensill Capital: The collapse of the supply chain finance firm Greensill Capital resulted in significant losses and raised concerns about its relationship with companies like GFG Alliance and exposure to SoftBank-backed Vision Fund.

3. Wirecard: The German fintech company Wirecard collapsed after revealing a $2.1 billion accounting scandal, highlighting serious deficiencies in its financial reporting and governance.

4. Credit Suisse – Greensill and Archegos: Credit Suisse faced significant losses due to its involvement with both Greensill Capital and Archegos Capital Management.

5. Robinhood and GameStop: The Reddit-driven GameStop stock frenzy resulted in controversy amid allegations of market manipulation, leading to scrutiny of the trading platform Robinhood’s actions and restrictions on trading.

6. Luckin Coffee: The China-based coffee chain, Luckin Coffee, faced an accounting scandal that revealed fabricated sales figures, leading to its delisting from NASDAQ.

7. Binance: This cryptocurrency exchange faced regulatory scrutiny and legal challenges from various countries regarding anti-money laundering measures, customer protection, and other concerns.

8. Nomura and Credit Suisse’s losses related to the collapse of a US hedge fund called Archegos.

9. Colonial Pipeline Cyberattack: A ransomware attack on Colonial Pipeline led to significant disruptions in fuel supply across the eastern United States, highlighting vulnerabilities in critical infrastructure.

10. Deutsche Bank: Germany’s Deutsche Bank faced scrutiny over its handling of suspicious transactions related to alleged money laundering activities by clients, resulting in investigations by both U.S. and German authorities.

Please note that financial scandals can emerge throughout the year, and this list might not include the most recent events.