who established it?
Kenneth Lay
Enron scandal
Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. 
which of the following is true regarding revelations involving enron and worldcom UNANSWERABLE what is this enron scandal all about? It was an accounting scandal of Enron Corporation. what went wrong in the accounting department? Chief Financial Officer Andrew Fastow and other executives misled Enron's board of directors and audit committee on high-risk accounting practices and pressured Arthur Andersen to ignore the issues. who all worked in the company's accounting department? Jeffrey Skilling,  Andrew Fastow and  Arthur Andersen. which educational institutions did the first person attend? He graduated from West Aurora High School and received a full scholarship to Southern Methodist University in Dallas, Texas what was his professional designation in the organization he worked? CEO what were the legal proceedings charged against him? He was indicted on 35 counts of fraud, insider trading, and other crimes related to the Enron scandal was he imprisoned after this scandal? He was sentenced to 24 years in prison. around which year did this scandal take place? 2001 what were the legal charges filed against the second person who worked in the accounting department of that company? He was indicted by a federal grand jury in Houston, Texas, on 78 counts, including fraud, money laundering, and conspiracy. what was the punishment he received for his wrongdoings? He was finally sentenced to six years what business was that company he worked dealing with? It was an American energy, commodities, and services company. when was it established? 1985
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Enron scandal [SEP] Introduction
The Enron scandal was an accounting scandal of Enron Corporation, an American energy company based in Houston, Texas. It was publicized in October 2001, and led to the bankruptcy of the company, and the "de facto" dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was cited as the biggest audit failure. Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. Several years later, when Jeffrey Skilling was hired, he developed a staff of executives that – by the use of accounting loopholes, special purpose entities, and poor financial reporting – were able to hide billions of dollars in debt from failed deals and projects.