Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Dec. 2, 2001, Enron officially filed for bankruptcy. Where The Market Was: The Dow ...
Federal authorities arrested two Enron Corp. executives on fraud charges Wednesday, accusing them of inflating the company’s earnings by $111 million in 2000 and 2001. Separately, the Commodity ...
Here's a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest in American history at the time.
Although the White House refuses to cough up details on Vice President Dick Cheney’s meetings with Enron, we surreptitiously snagged the information through other channels. In exchange for a year’s ...
Last week marked the 20th anniversary of the bankruptcy of Enron, which at the time was the largest chapter 11 filing in U.S. history and one with economic, financial, law enforcement, and public ...
A jury convicted four former Merrill Lynch & Co. executives and a former midlevel Enron Corp. finance executive of conspiracy and fraud Wednesday in the first criminal trial to emerge from Enron’s ...
Employees leaving Enron. The company filed for bankruptcy less than two months after reporting a $618 million quarterly loss.Greg Smith/Corbis/Getty Images On this day in 2001, Enron surprised ...
"Indeed, I believed the company was fundamentally sound and the balance sheet was strong," Lay said, standing by his contention that Enron was a vibrant enterprise felled by a "run on the bank" not by ...
HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went ...
HOUSTON – Twenty years ago, energy giant Enron was at the center of one of the largest corporate scandals in US history. “Enron was the favorite child of Houston. That was where the best and brightest ...