Enron Scandal

The Enron Scandal happened in October of 2001, and led to the Corporation of Enron Corporation. The company falsely inflated the company's revenues and hid billions of dollars of debt that they were in from failed projects. Jeffery Skilling was the man who was hired and created a team of accountants to create loopholes and special ways to hide the amount of debt they had. Many Enron executives were sent to prison and were indicated for a variety of charges. This led to the biggest plummet in any company until WorldCom's bankruptcy, but that did not occur until the following year.