The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo

Question

3 years ago

13

The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo

wing companies except: Multiple Choice - ESM Government Securities - Enron - Penn Square Bank - Continental Illinois National Bank and Trust

Business

1 answer:

zubka84 [21] · Answer 1 · 2021-12-28T21:59:02+03:00

Answer:

The correct answer is ENRON.

Explanation:

Going back to December 2, 2001, is going back to one of the biggest scandals in economic history. That day, the energy company Enron declared bankruptcy. First global energy distributor, invoiced 100,000 million dollars annually.

Jeffrey Skilling, the mind behind accounting, did his last master move badly. Before the bankruptcy they were seen coming, he resigned his position alleging family reasons and sold the shares he had in the company. Four months later came bankruptcy. Supposedly, he didn't know anything about the critical situation of the company. He did not strain.

In 2004 he was charged with about thirty charges, including operating with confidential information, by selling about 60 million dollars in Enron shares before bankruptcy, deceiving the auditor or conspiracy.