Time bomb in a suitcase, as it were

The CEO of Samsonite just resigned, following allegations that he did not have the Doctorate that he had long claimed. Ramesh Tainwala "explained" that his friends jokingly called him "Doctor" knowing that he had enrolled in but never completed a doctorate. Samsonite stock dropped 21% but later regained half that

One story here:
http://www.weny.com/story/38322590/samsonite-ceo-quits-after-doctorate-drama

 

The school he says he attended, but did not graduate from, was Union Institute and University.

 

In business fudging ones credentials will likely also leads to fudging accounting and financial information.