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Enron The Smartest Guys In The Room

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Enron: The Smartest Guys in the Room Documentary
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Enron: The Smartest Guys in the Room documentary
In recent years, the perception of frauds and cons has continually evolved from
obvious scam artists with thrifty looks to well-established swindling corporations with proper
etiquette and charisma. Uprooting such vices may prove difficult, seeing that the most
obvious choices may be the least dangerous swindlers. The documentary Enron: The
Smartest Guys in the Room is a crime story that delves into corporate politics entwined in a
Ponzi scheme to steal from everyone, including their employees, fraudulently (Gibney,
2005). This essay aims to evaluate what happened at Enron, considering which actions were
illegal, the responsible parties for the company's downfall, those who pay for funding the
frauds, and the government's role in preventing scandals similar to the Enron one in the
future.
The documentary shows how Enron's fraudulent scheme worked, creating the
impression that Enron was a good organization that had gone bad. The movie shows that it
was one of the best-known con games from the very beginning, appearing to be too good to
be true. Offering the best deals on energy, it established itself as one of the best in the world
while making out returns that were essentially out of thin air (Gibney, 2005). Its top
executives made sure the rest of the world would continue to invest even while knowing that
the company was on the verge of collapse because of the bankruptcy it had amassed itself for
a couple of years before its demise.
Enron failed its investors by putting on a façade over the actual condition of their
finances. From the outlook, the company was doing exceptionally well through the inflated
profits despite the company's continual deterioration. The malicious and deceitful
bookkeeping practices ensured that all losses were concealed in a corrupt web of transactions.
Illegally they created non-existent offshore accounts for corporates that did not exist either

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1 Enron: The Smartest Guys in the Room Documentary Student’s Name Institution Affiliation Professor’s Name Course Date of Submission 2 Enron: The Smartest Guys in the Room documentary In recent years, the perception of frauds and cons has continually evolved from obvious scam artists with thrifty looks to well-established swindling corporations with proper etiquette and charisma. Uprooting such vices may prove difficult, seeing that the most obvious choices may be the least dangerous swindlers. The documentary Enron: The Smartest Guys in the Room is a crime story that delves into corporate politics entwined in a Ponzi scheme to steal from everyone, including their employees, fraudulently (Gibney, 2005). This essay aims to evaluate what happened at Enron, considering which actions were illegal, the responsible parties for the company's downfall, those who pay for funding the frauds, and the government's role in preventing scandals similar to the Enron one in the future. The documentary shows how Enron's fraudulent scheme worked, creating the impression that Enron was a good organization that had gone bad. The movie shows that it was one of the best-known con games from the v ...
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