Company Frauds So Terrible You Won’t Believe They Actually Happened

Enron Is En-Rocked

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When the Enron Scandal rocked the business world in 2002 a number of very powerful people lost everything. The incredibly wealthy corporation had an incredibly complicated and illegal way of recording their earnings. The eventual bankruptcy of the company ended one of the largest investor fraud schemes in America.

During the Enron trial, CFO Andrew Fastow was charged with 98 counts of fraud and received 10 years in prison without parole. Company founder Kenneth Lay and COO Jeffrey Skilling were hit with a 65-page indictment chronicling their fraudulent practices. Skilling was sentenced to 24 years in prison. Lay died before his sentencing.