1. Could it happen?: Enron By: Tiara DeLaVega

2. About Enron Almost universally considered 1 of the country’s most innovative companies in 1990’s Known for unique trading business Had solid reputation for old economy stability.

3. Success Created new markets: broadcast time for advertisers, weather futures, and Internet bandwidth. Stock was sent into the stratosphere. Was worth about $70 billion, shares trading for about $90 each.

4. Crash Down Misstated its income Equity value was a couple of billion dollars less than its balance sheet. Made about a dozen “partnerships” with companies it created and used them to hide huge debts and heavy losses on its trading. Arthur Andersen( the company that audited Enron’s books) neglected to recognize the company’s problems. Investigators say that the auditor was complicit perpetrating one of the biggest frauds in corporate history.

5. Down Hill Enron declared bankruptcy on Dec. 2, 2001. Workers lost jobs Investors lost billions of dollars as the company’s shock value shrank. Would have future implications for politics and policy, the company was the biggest donor to U.S. political campaigns.

6. The results 2 federal agencies and about 10 congressional committee are investigating the collapse of the company. Predicted that the case will end up in jail terms. 2 federal agencies and about 10 congressional committee are investigating the collapse of the company. Predicted that the case will end up in jail terms.