Enron accounting practice is totally legal and appropriate, Enron stock is an incredible bargain, I and
my executives still bought the shares two months back.
-Kenneth Lay (Chairman Enron)
After a few days Enron fi led for bankruptcy.
In 2001, Enron, one of the leading companies in the world of energy sector fi led for bankruptcy. It was
the hardest thing that could have happened to the investors, employees; normal shareholders. It was not
the fraud of the accounting or the manipulation of the fund that this company did but it was question on
the morals and the ethics of the people involved in this fraud. Cheating millions of people with billions ...
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