What happened in the Enron scandal summary?

The Enron scandal was a series of events involving dubious accounting practices that resulted in the bankruptcy of the energy, commodities, and services company Enron Corporation and the dissolution of the accounting firm Arthur Andersen.

What happened in WorldCom scandal?

The SEC charged WorldCom with civil fraud and reached a $2.25 billion settlement. Several executives and the CEO were indicted on charges of securities fraud, conspiracy, and filing false documents with regulators.

How did the Enron scandal get caught?

The clearly illegal smoking guns led to straightforward convictions – Fastow’s misrepresentations about LJM; asset sales that were booked as revenue but in reality had a guarantee to be rebought, which meant it was a loan. This was a simple explanation of how Enron got caught.

Who went to jail for WorldCom?

Bernard Ebbers
Bernard Ebbers, the former CEO of WorldCom, who went to prison in 2006 for his role in an $11 billion accounting fraud case, has died.

Who was the whistleblower in Enron?

Sherron Watkins
‘Justice was served’: Enron whistleblower reflects on 20th anniversary of company’s collapse. Sherron Watkins was an Enron VP when she warned boss Ken Lay of an impending “implosion.”

Who was the whistleblower at WorldCom?

Cynthia Cooper
Cynthia Cooper exploded the bubble that was WorldCom when she informed its board that the company had covered up $3.8 billion in losses through the prestidigitations of phony bookkeeping.

Is Scott Sullivan still in jail?

Sullivan was released from jail in August 2009, after serving four years of his sentence.

Who killed themselves from Enron?

J. Clifford Baxter

Cliff Baxter
Died	January 25, 2002 (aged 43) Sugar Land, Texas, U.S.
Cause of death	Suicide by gunshot to the head
Education	New York University (BA) Columbia University (MBA)
Occupation	Employee at Enron