2006-07-05 03:49:57 · 6 answers · asked by Cloneme 1 in Business & Finance ➔ Corporations
really nice question, i think by now they now should have been punished and should be behind the bars... they took lot of ppls money......since they on scam game.
i was one of those who lost lot of money in that company... lost almost $ 50000
2006-07-05 03:52:08 · answer #1 · answered by truth 4 · 0⤊ 0⤋
Who is Enron? Ken Lay and Jeff Skilling went to trial for lying to investors and facilitating the collapse of one of America's largest companies.
2006-07-05 03:52:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They misrepresented there income and expenses in their financial statements which are given to the public. Since Enron was a publically traded company on the NY stock exchange, that is considered fraud and securities violations.
2006-07-05 03:54:26 · answer #3 · answered by extra_37 4 · 0⤊ 0⤋
ever see that movie fun with dick and jane , well they said they were going to invest in other companies so there price per share went up and shareholders were buying more shares , but the only company they investing in was themselves , so it was a scam , alot of people lost there money .
2006-07-05 03:56:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
off balance-sheet financing meant to hide liabilities from investors.
2006-07-05 03:53:09 · answer #5 · answered by spineminus2 3 · 0⤊ 0⤋
cos they are c***s
2006-07-05 03:53:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋