MJ Industries

Once hailed as one of America’s most innovative companies, Enron Corporation became the case study for corporate fraud and accounting scandals in the early 2000s. The meteoric rise and catastrophic fall of Enron not only shook the financial world but also led to widespread regulatory reform. This is the dramatic story of how Enron deceived investors, manipulated markets, and ultimately became one of the biggest bankruptcies in U.S. history. The Rise: Innovation and Ambition Founded in 1985 from the merger of Houston Natural Gas and InterNorth, Enron was initially a traditional energy company. Under the leadership of Kenneth Lay , the company quickly pivoted toward a new business model: energy trading. By the early 1990s, Enron transformed itself into a global energy-trading powerhouse. The company’s idea was revolutionary at the time—treating energy like a commodity that could be bought and sold in real-time markets. This was further developed by Jeffrey Skilling , who joined Enro...