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The Enron scandal was a series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas. When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen —then one of the five largest audit and accountancy partnerships ...
Enron was an energy-trading and utility company based in Houston, Texas, that perpetrated one of the biggest accounting frauds in history. Enron's executives employed accounting practices that...
The Enron scandal drew attention to accounting and corporate fraud, as shareholders lost $74 billion in the four years leading up to its bankruptcy, and its employees lost billions in...
In early December 2001, innovative energy company Enron Corporation, a darling of Wall Street investors with $63.4 billion in assets, went bust. It was the largest bankruptcy in U.S. history.
Just a few months earlier in 2001, this brash Texan energy giant had been exposed for hiding huge losses, and declared bankruptcy. You could have heard a pin drop as former Enron executive and...
A scandal of exceptional scope and impact, it was (at the time) the largest bankruptcy in American history. The alleged business practices of its executives led to numerous individual criminal convictions.
Just a few months earlier in 2001, this brash Texan energy giant had been exposed for hiding huge losses, and declared bankruptcy. You could have heard a pin drop as former Enron executive and...
In January 2002, agents executed a consent search of Enron’s 50-story corporate headquarters building. The search lasted nine days as investigators unearthed critical documents and emerged with...
Enron’s bankruptcy on Dec. 2, 2001, was the largest in U.S. history at the time, ending a stunning fall from grace. The company has become a symbol of corporate fraud, yet it leaves a long...