Enron Scandal

Enron, one of the largest most wealthiest companies in the early 2000, eventually went bankrupt in 20001 one for many reasons. Their first mistake was hiring Jeffrey Skilling. Skilling and many of his fellows workers found loops hold where they hid billion of dollars in dept from failed projects and deals. Enron's stock price was $90.75 but eventually plummeted to $1. Share holders filed law suits against Enron for 40 billion dollars.  Many of the executives were sewed and some of them were sent to prison for a variety of charges.  Enron's $63.4 billion in assets made it the U.S.'s largest corporate bankruptcy until WorldCom's bankruptcy the next year.