Enron Corporation's Fraud and Corruption

Enron Corporation was once a giant American energy, commodities, and services company that employed over 20,000 people. However, by the end of 2001, it was discovered that it had engaged in accounting fraud, lying about its profits and concealing debts so that they did not show up in the companys accounts. The company becomes a very real and well-known example of corporate fraud and corruption.

Note: Watch: How did Enron make their money, hide their finances, fail, and get caught? Financial reporting (2004) by The Film Archives (Youtube Link for the video in the references).

Guide Questions:

1. What were the unethical accounting practices used by Enron to make the company seem profitable?
2. Who would you say would be the people who were the most responsible in the illegal doings of Enron?