Enron - The Biggest Fraud in History

  • Published 2 months ago
  • Not Rated

The Enron scandal was a series of events involving dubious accounting practices that resulted in the bankruptcy of the energy, commodities, and services company Enron Corporation and the dissolution of the accounting firm Arthur Andersen.
In this video we take a look at the Enron story. At over $60 billion being scammed away from the public, they were the biggest fraud in history. Yes, even bigger than Theranos.
The scandal drew attention to accounting and corporate fraud, as the shareholders lost $74 billion in the four years leading up to its bankruptcy.
Before that, Enron was one of the fastest-growing and supposedly innovative companies in the United States in the 1990s. But the entire edifice was based on massive accounting and corporate fraud that eventually came to light, resulting in the company declaring bankruptcy in December 2001.

From Around the Web

Related Videos

Despite separating from Somalia over 20 years ago, the state of Somaliland is still unrecognized by the rest of the world. Life here is hard.The popular series Dicing with Death br...

  • 156
  • 3 weeks ago
  • 7(1)

From $47 Billion, to the verge of bankruptcy in just a matter of weeks. The WeWork disaster is a real roller coaster and it would seem that their erratic CEO Adam Neumann is mostly...

  • 492
  • 5 months ago
  • Not Rated

This documentary explores the David-and-Goliath story about the group of amateur investors who bought stock in the failing video game chain, GameStop.Filmmaker Jonah Tulis examines...

  • 515
  • 6 months ago
  • Not Rated

The six-day stranding of the Ever Given in the Suez Canal last March did something incredibly rare: it made regular people care about shipping, the means by which more than 80% of ...

  • 365
  • 6 months ago
  • Not Rated
Avatar

4,752 Videos / 17,327,712 Views
Tags

Related Articles
Her calling card was her robe de style dress. This gown hung straight and narrow on the torso, but then ballooned out wi...
  • 2,419
  • 2 years ago
At the peak of his fortune, Jesse had a net worth of $100 million. That was back in 1929. In today’s money, that would...
  • 3,633
  • 2 years ago
The term first appeared in the early 1970s. The origin of the term can be found in the word “kacho-byo”, which trans...
  • 3,995
  • 2 years ago
According to a poll, Americans say you need an annual income of about $100,000 to be considered rich. In the poll, Ameri...
  • 4,073
  • 3 years ago