"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread." Anatole France
Managers are reassured by the presence of numbers even if the numbers are meaningless. My boss' boss has never attended a scrum meeting but he uses the sum of individual story points to rate developers performance at the end of the year.
Stephen Friedman made 3 million insider trading goldman sachs stock while on the boards of Goldman Sachs AND the Federal Reserve. I reported him to the SEC on their insider trading web page, but I think they were taking a nap at the time.
My employer was calling it a "network outage" for two weeks before they finally admitted it was ransomware. I actually read about the attack online before the president and cto fessed up to us employees.
In the S&L crisis in the 80's, more than 1000 bankers went to jail but since then bankers have reformed their ways and no bankers are going to jail anymore.