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Explore The Sudden Collapse of Enron - The Full Story | Greed, Lies, and Idiocy | History in the Dark with 208,126 views, 3,369 likes, and 289 comments. Experience the impact of this video content that has captured audience attention.

Enron was an energy company specializing in natural gas. Overtime, they branched out into other avenues and became one of the most successful companies in the world. However, not all was as it seemed. Secretly, Enron had been hiding financial losses using sketchy accounting and illegal practices to inflate their own stock price. Eventually, this all came crashing down and became the largest bankruptcy in American history at the time. 0:00 - Intro 1:25 - Formation 7:46 - Too Good to be True 10:30 - Revenue Recognition 15:22 - Mark-to-market 18:24 - Mismanagement 21:44 - Special purpose entities 25:53 - Too Many Bad Deals 30:03 - Loopholes 36:16 - The Cracks Start to Show 42:56 - The Descent Begins 47:15 - The Collapse 53:35 - The Fallout "Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. Fortune named Enron "America's Most Innovative Company" for six consecutive years." 🚂 Further reading 🚂 https://en.wikipedia.org/wiki/Enron https://en.wikipedia.org/wiki/Enron_scandal 🟢Join this channel to get access to perks: https://www.youtube.com/channel/UCsmGCJdCZeKxrbqs_l4YCQA/join 🟢Patreon - https://www.patreon.com/Darknessthecurse 🟣Discord - https://discord.gg/KEX5eeRcxF 🔴Cameo - https://www.cameo.com/darknessthecurse 🔵Facebook - https://www.facebook.com/History-in-the-Dark-109003305113711 🟢Donations - https://streamlabs.com/edgerabbit/tip 🔴Reddit - https://www.reddit.com/r/HistoryintheDark/ 🔴Tiktok - https://www.tiktok.com/@historyinthedark 🟣Instagram - https://www.instagram.com/historyinthedark/ 🔵Twitter - http://www.twitter.com/DarktheCurse 🟣Merch - https://www.youtube.com/channel/UCsmGCJdCZeKxrbqs_l4YCQA/store 🟣Twitch - http://www.twitch.tv/edgerabbit Other channels: 🟢Prehistory in the Dark: https://www.youtube.com/channel/UCsbkaWQ4rUKMedsE0VCdzrg 🟣Gaming and Fanfic Readings: https://www.youtube.com/channel/UCig-6ZTjigUQBIi3O4XSdlw 🟣History Stuff: https://www.youtube.com/channel/UCsmGCJdCZeKxrbqs_l4YCQA 👔Merch: https://streamlabs.com/edgerabbit/merch --- I WRITE BOOKS! YOU CAN FIND THEM HERE: 📚Abyss: https://www.amazon.com/Abyss-Books-Pride-Book-1-ebook/dp/B07S9V1GRH 📚Pryde: https://www.amazon.com/gp/product/B08P6SZ6DB?notRedirectToSDP=1&ref_=dbs_mng_calw_1&storeType=ebooks 📚Abyss on Audible: https://www.amazon.com/hz/audible/mlp/mfpdp/B08TFDNMJH?ref=tmm_aud_title #history #truestory #documentary

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