ABSTRACT
Some corporations collapse when the organization is hit by a white-collar crime crisis in terms of detection and prosecution. Classic examples include Enron and WorldCom (Soltani, 2014). Enron (and their auditing firm Andersen) went bankrupt because of a white-collar crime crisis in 2001 (Powers et al., 2002), while WorldCom went bankrupt because of a white-collar crime crisis in 2002 (WilmerHale and PwC, 2008). Some companies are able to recover after white-collar crime detection and prosecution. A classic example is Siemens, which has faced the greatest bribery scandal in the history of German business. In 2004, Siemens faced a series of bribery and money laundering allegations in more than a dozen countries (Eberl et al., 2015).
