Enron | The 10 Biggest Frauds in US History

Enron

Enron went bankrupt in 2001 after allegations of massive accounting fraud wiped out $78 billion in stock market value. The company’s collapse also led to the fall of Arthur Andersen and the passage of the Sarbanes-Oxley Act of 2002. A class action settlement of $7.185 billion was the largest of all time. Former President Jeff Skilling is serving a 24-year sentence.

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