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Enron files for Chapter 11 bankruptcy.
Related Wikipedia articles
Enron
Defunct American energy company
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.…Source: Wikipedia (CC BY-SA)
Enron scandal
2001 accounting scandal
The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of…Source: Wikipedia (CC BY-SA)