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One notable American company involved in a scandal is Enron, which was at the center of one of the largest corporate fraud cases in history. In the early 2000s, it was revealed that Enron had engaged in widespread accounting fraud to hide its financial losses and inflate profits, leading to its bankruptcy in 2001. This scandal resulted in significant financial losses for investors, thousands of layoffs, and changes in regulations regarding corporate governance and accounting practices. The fallout also led to the dissolution of Arthur Andersen, one of the five largest audit and accountancy partnerships in the world at the time.

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