Enron Corporation

Enron Corporation was an American energy company based in Houston, Texas, which became infamous for its unethical practices and massive accounting scandal in the early 2000s. Initially known for its innovation in the energy sector, Enron used complex financial operations to hide its debts and inflate profits. When the truth was revealed in 2001, the company filed for bankruptcy, leading to significant financial losses for employees and investors. The scandal resulted in stricter regulations on accounting and corporate governance, and it highlighted the critical importance of transparency and ethics in business practices.