This case is aboutÂ ETHICS
PUBLICATION DATE: June 04, 1997
Olympic Financial Ltd.Â Case Solution
Olympic Financial is a subprime lender in the auto financing sector. Several other funding businesses are wrought with bookkeeping fraud and business mismanagement.
Olympic’s debt was downgraded, although the business is running normally and its stock has been denigrated. The countryclaims that it is being penalized for industry difficulties. Analysts maintain that the accounting of Olympic is off and that the business is mismanaged.