Fraudulent financial reporting at Enron resulted in
A)thousands of people losing their jobs.
B)thousands of people losing their pensions and investment incomes.
C)prison sentences and fines for corporate executives.
D)all of these choices.

Question

Quizplus · Accepted Answer

Fraudulent financial reporting at Enron resulted in all of these choices. The collapse of Enron in 2001, one of the largest corporate bankruptcies in history, led to the loss of thousands of jobs for employees and the loss of pensions and investment incomes for investors. Several top executives, including CEO Jeffrey Skilling and Chairman Kenneth Lay, received prison sentences and fines for their involvement in the fraud.

Fraudulent Financial Reporting at Enron Resulted in