In previous articles, we mentioned the stories of Enron and WorldCom. Both companies operated in different industries, but they had one thing in common - an auditor. It was Arthur Andersen, who at that time belonged to the so-called "Big Five", [...]

In the first part of Enron's history, we introduced you to what special purpose vehicles were and what the company's business model looked like. In the second part, we will focus on the subsequent causes of Enron's bankruptcy. [...]

In this two-part series, we want to bring you closer to Enron's bankruptcy - how it happened, what the company's history and operations looked like. Most often, financial scams are associated with suspicious companies that [...]