Enron’s Fall From Grace | On This Day

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?
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