Enron Corporation Scandal

Feb 3rd, 2012
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Research and analyze the Enron Corporation Scandal. The purpose in announcing the final this early in the course is very important. The paper must include a reference from each module discussed in t his course. In addition, no less than two additional outside resources will be utilized. This is an opportunity to organize your module research each week. The final research paper will be no less than 10 pages in length (not including the title page or bi bliography), 1 inch margins, 12 point font, New Times Roman or Aerial font style. As with all essays in this course, the final paper will be submitted as an attachment in a Microsoft Word format . This assignment, as with all written assignments, should follow APA guidelines.

Word Count: 3045
Showing Page: 1/14
Enron Corporation Scandal NameClassDateProfessorEnron Corporation Scandal White collar offenses are crimes committed by someone who uses their position at a certain profession to disguise their criminal behavior. In the past couple of decades white collar crime has been on the rise and the scandal surrounding these crimes have gotten more and more shocking. One of the most infamous white collar crimes involves the scandal involving the Enron Corporation. Enron is one of the most infamous cases of fraud by company executives that embezzled millions from the company while providing a false financial record to the board of directors and investors. As a result many of these executive went to jail and Enron was bankrupted. History of the Enron ScandalEnron was established in 1985 when Omaha-based InterNorth and Houston Natural gas merged into one company. Kenneth Lay was appointed CEO and the company saw immediate success. In 1993 the company made its first mistake when they created a number of limited liability special purpose entities that allowed Enron to hide its liabilities while growing its stock price (Folger, 2011). This was criticized by financial analysts who found the company was hiding large amounts of debt. From 1993 to 2001 the company was considered innovative and a leader in energy technologies. Despite the debt the company continues to purchase pipelines and bought into other industries, such as water and paper. Enron was an energy t

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