Parmalat Scandal

     The Parmalat scandal happened in an Italian processing plant that Parmalat had. The case started in the 80s and it is still gong on it has been a string of court cases for years long. They found out that there was a 14 billion dollar black hole in their finances. In 2003 bondholders realized that 4 billion dollars in one of their bank of america accounts wasn't there. All of this lead to many arrests and it upset a lot of people who had shares in the company.