The Concern: Ethics

ERISA Fraud Corruption Bankruptcy Discrimination Negligence Insider Trading Treason Conflicts of Interest Professional Conduct Real Estate PwC Growth Leadership Loyalty Municipal Utilities


"Where liberty is, there is my country." Attributed to Benjamin Franklin, and many others.

⭐︎Today is Tuesday, January 20, 2026.

The Guardian and Washington Post Win the Pulitzer Prize

I am grateful to the committee for their recognition of the efforts of those involved in the last year's reporting, and join others around the world in congratulating Glenn Greenwald, Laura Poitras, Barton Gellman, Ewen MacAskill, and all of t…

April 14, 2014

Rejournal 1:

FDIC v. PricewaterhouseCoopers LLP, et al.

Concerns: Ethics Politics Crime Audit & Oversight

This case sought to hold auditors PricewaterhouseCoopers (PwC) responsible for their failure to detect a $2.3 billion fraud that the judge described as “one of the largest and longest-lasting bank frauds in American banking history” and which …

Oct. 17, 2022
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Rejournal 2:

5 PwC Scandals Far Worse than Oscar Envelopegate Mix Up

The PriceWaterhouseCoopers’ Oscar mix up has dominated social media the last couple days, with many saying Envelopegate could be a major hit to PwC’s long-term repu…

Feb. 28, 2017

Rejournal 3:

TYCO FRAUD

The following timeline chronicles the progress of investigations and indictments against Dennis Kozlowski, Mark Swartz, and Mark Belnick...

Sept. 19, 2002

Rejournal 4:

Prostitutes, Vegas Bachelor Parties Part Of DWP Scandal Lawsuit Against PricewaterhouseCoopers

... the accounting firm best known for tallying up the Oscar votes, but now, the City of LA says they spent a lot of time partying in Vegas on your money. CBS's Erica Nochlin joins us with the scandalous details. Pat and Paul this fraud allege…

July 1, 2016

Rejournal 5:

PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

Concerns: Ethics Crime Audit & Oversight
Topics: Fraud Corruption Bankruptcy

WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 co…

March 24, 2019
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Rejournal 6:

PwC sued by employee who lost half his skull after ‘pub golf’ outing

Topics: Negligence

The auditing firm PricewaterhouseCoopers (PwC) is being sued by a UK employee who lost half of his skull after taking part in a “pub golf” work event that involved excessive drinking. The employee, 28-year-old Michael Brockie, filed a personal…

Aug. 22, 2022
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Rejournal 9:

"Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal

‘Disgraceful breach of trust’: how PwC, one of the world’s biggest accountancy firms, became mired in a tax scandal. In the depths of winter 2015, an Australian tax specialist adopted the language of a spy. “For your eyes only,” he wrote, whil…

May 21, 2023

Rejournal 11:

Bridging Finance receiver PwC files $1.4-billion lawsuit against ex-auditor Ernst & Young

The receiver for Bridging Finance Inc. is suing Ernst & Young LLP for failing to catch signs of fraud being perpetrated at the failed lender, despite serving as its auditor for several years. Bridging receiver PricewaterhouseCoopers Inc. i…

July 8, 2025

Rejournal 18:

PwC to pay $267 million to settle ERISA lawsuit

Topics: ERISA

PricewaterhouseCoopers agreed to pay $267 million to settle a 16-year lawsuit filed by participants in a company pension plan who claimed they were shortchanged because fiduciaries incorrectly calculated lump-sum payments for a cash bal…

Sept. 20, 2022
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Rejournal 20:

PwC growth drops to 16-year low amid ‘challenging backdrop’

In the 12 months to the end of June, PwC UK’s revenues rose 0.4 per cent to£6.35 billion from £6.33 billion in its previous financial year. That is a marked slowdown compared with the past few years, when annual revenue growth has averaged mor…

Sept. 17, 2025

Rejournal 21:

Additional Allegation of Fraud by PriceWaterhouse Coopers Filed in Court Motion in Connection with its Role in Customer Information and Billing System Implementation

LOS ANGELES (June 30, 2016)— Earlier today, the Los Angeles City Attorney, on behalf of the City of Los Angeles and the Los Angeles Department of Water and Power (LADWP), filed a motion in LA Superior Court seeking permission to file an…

June 30, 2016

Rejournal 22:

Lawsuit over audits seeks $5.5B from PricewaterhouseCoopers

Concerns: Ethics Audit & Oversight
Topics: Fraud Corruption Bankruptcy

MIAMI (AP) — Accounting giant PricewaterhouseCoopers squared off Tuesday in court with lawyers for a defunct mortgage company’s creditors and investors over a $5.5 billion lawsuit, which claimed the Big Four firm failed through years of audits…

Aug. 9, 2016

Rejournal 24:

PwC pushed out principal 1 day before her assets vested, lawsuit alleges

Topics: ERISA Discrimination

While the former employee said she was denied opportunities and pushed out to deprive her of benefits, a PwC spokesperson said the decision was based on “legitimate business considerations.” A former principal at PricewaterhouseCoopers repeate…

July 25, 2024
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Rejournal 25:

Plaintiffs Move for Settlement Approval in 16-Year ERISA Case

Topics: ERISA

The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated. The parties in a protracted Employee Retirement Income Security Act lawsuit against PricewaterhouseCoopers LLP have reached a pr…

Sept. 22, 2022
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Doc 1001:

FDIC v. PricewaterhouseCoopers LLP, et al.

Concerns: Ethics Politics Crime Audit & Oversight

A brief excerpt from the memorandum and order by Chief United States District Judge Keith Watkins: The Federal Deposit Insurance Corporation (“FDIC”) stepped in as receiver for Colonial upon its failure. In its capacity as receiver for Colonia…

Sept. 10, 2013

Doc 1002:

Los Angeles v. PricewaterhouseCoopers, LLP

A brief excerpt from the opinion of Justice Kruger and agreement of the Court's Chief Justice and Justices: In 2010, the City of Los Angeles contracted with PricewaterhouseCoopers (PwC) to modernize the billing system for the City’s Department…

Aug. 22, 2024