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Summary: Groupon Accounting Scandal

275 Words2 Pages

A company that was unethical accounting decisions that were made public was Groupon. Groupon accounting scandal was made public shortly after the company went public (four months) with share starting at $20. The company raised over 900 million dollars from the sale of their stock. However, of the 946 million that was made 810 million went to the CEO and other privileged investors by using a private offering. Groupon’s accounting irregularities were exposed when federal regulators began to question the finical reporting documents that were provided by the company. This questionable accounting practiced raised more questions by regulators and media outlets who worked persistently to expose Groupon’s accounting practice. Groupon believed that

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