Enron scandal
Infamous accounting fraud
The Enron scandal was the 2001 collapse of Enron Corporation, an American energy company, after revelations of massive accounting fraud.
Executives had hidden billions in debt through deceptive practices while reporting inflated profits.
The scandal led to criminal convictions, the dissolution of Arthur Andersen (Enron's auditor), and new regulations like the Sarbanes-Oxley Act.
The Enron scandal now serves as shorthand for corporate fraud and regulatory failure.
- Sarbanes-Oxley ActCorporate financial reporting law
- whistleblowerInsider who reports misconduct
- mark-to-marketValuing at current price
- corruptionDishonest abuse of power
- shreddingCutting into thin pieces
manipulation · embezzlement · audit · white-collar crime · securities fraud · corporate fraud · bankruptcy · accounting · fraudulent · criminal investigation · practices · stock collapse · corporation · document shredding · insider trading · shareholders · misrepresentation · executives
- 2000siPhone, Wii, MySpace, YouTube, Hurricane Katrina
- financial fraudsecurities fraud, bank fraud, accounting fraud, defalcation, embezzler
- Wall Streetstock market, bond market, stocks, shares, Wall Street
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- fraudscam, fraud, swindle, con, deceive
- WhistleblowersEdward Snowden, Chelsea Manning, Deep Throat, leakers, exposers
Enron scandalethical business practices
Morally sound commercial conduct
corporate accountability · business ethics · Patagonia · good governance · corporate responsibility
Enron scandalBerkshire Hathaway
American multinational holding company
Enron scandalfinancial transparency
Open disclosure of monetary dealings
open books · full disclosure · fiduciary duty · investor protection · financial integrity
scandal, scandalous, scandals, scandalize, scandalized, scandalizing, scandalmonger, Enron, scandalmongering