The Fall of Enron

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Let's look back at this day in history. July eight, 2004. The U.S. government unsealed an indictment against former Enron Corp. chairman Kenneth Lay. They allege he helped guide a massive conspiracy to deceive investors. It was a slow moving but still stunning fall from grace for a company that went from the seventh largest in the U.S. to the largest ever bankruptcy filing. And a stunning fall from grace for its founder and chairman and Ken Lay, who went from a personal fortune of at least $400 million to being a convicted felon. Or did he? • -------- • More on Bloomberg Television and Markets • • Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets Finance: https://tinyurl.com/ysu5b8a9 • Visit http://www.bloomberg.com for business news analysis, up-to-the-minute market data, features, profiles and more. • • Connect with Bloomberg Television on: • X: / bloombergtv • Facebook: / bloombergtelevision • Instagram: / bloombergtv • • Connect with Bloomberg Business on: • X: / business • Facebook: / bloombergbusiness • Instagram: / bloombergbusiness • TikTok: https://www.tiktok.com/@bloombergbusi... • Reddit: / bloomberg • LinkedIn: / bloomberg-news • • More from Bloomberg: • Bloomberg Radio: / bloombergradio • • Bloomberg Surveillance: / bsurveillance • Bloomberg Politics: / bpolitics • Bloomberg Originals: / bbgoriginals • • Watch more on YouTube: • Bloomberg Technology: / @bloombergtechnology • Bloomberg Originals: / @business • Bloomberg Quicktake: / @bloombergquicktake • Bloomberg Espanol: / @bloomberg_espanol • Bloomberg Podcasts: / @bloombergpodcasts

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