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Olympic Financial Ltd.
Olympic Financial is a sub-prime lender in the auto financing industry. Several other financing companies have been wrought with accounting fraud and business mismanagement. Olympic's debt has been downgraded, and its stock has been denigrated although the company is operating normally. Olympic claims that it's being punished for industry problems. Analysts maintain that Olympic's accounting is off and that the business is mismanaged.
Keywords: Business or Company Management;
Crime and Corruption;
Financial Services Industry;
Palepu, Krishna G., and Sarayu Srinivasan. "Olympic Financial Ltd." Harvard Business School Case 197-081, June 1997.