Enron Scandal
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Enron Scandal
Service company filed bankruptcy on December 2, 2001
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Enron Scandal
25,000 employees lost jobs and investment
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CEO Jeffery Skilling Chairman Kenneth Lay
Charged with conspiracy, securities fraud, and insider trading
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Enron Scandal
Use Mark-to-Market accounting
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Enron Scandal
2 billion dollars in pension savings and 1.2 in retirement funds lost
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Sherron Watkins
VP , exposed fraudulent activities in 2001
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Jeffery Skilling
CEO
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Kenneth lay
Chairman of Enron
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