"Collapse of a Giant: Unraveling the Enron Scandal" In 2001, the world witnessed the spectacular collapse of Enron, one of the largest and most influential energy companies in the United States. But behind the scenes, a web of deceit and accounting manipulation had been unfolding, ultimately leading to the company's downfall. At the heart of the scandal was a complex scheme of special purpose entities (SPEs) and mark-to-market accounting, which allowed Enron to conceal billions of dollars in debt and losses. As investigators dug deeper, they uncovered a trail of corruption and greed that implicated top executives, including CEO Jeffrey Skilling and CFO Andrew Fastow, in one of the most egregious cases of corporate accounting fraud in history.
Enron Scandal and Accounting Fraud: What Happened? investopedia.com
