Top 10 Accounting Scandals of All Time

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9. Enron Corporation (2001)

Enron Corporation, founded in Houston, Texas in 1985 was one of the world’s leading commodities, energy and service corporations. In 2001, it shockingly collapsed under the weight of bankruptcy. The company’s main accountants kept huge debts off the balance sheets and as a result, the shareholders lost $74 billion, thousands of employees and investors lost their retirement accounts, and the company’s employees lost their jobs. This scandal is one of the most well-known in history.

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