Enron Scandal

Enron was an American energy company based in Huston, Texas. Enron shareholders filed a $40 billion lawsuit after the company's stock price, which at its highest was up to US $90.75 per share in mid 2000, then dropped to less than $1 by the end of November in 2001.  Many years later, when Jeffrey Skilling was hired, he developed a staff of executives and poor financial reporting were able to hide billions of dollars in debt from failed deals and projects.