Topic > Eron Case Study: The Fall of Enron - 1623

Analyst values ​​Enron stock at around $40, the lowest price on record. Additionally, in the third quarter of the year, a loss of $618 million was reported, and the Securities and Exchange Commission (SEC) began investigating Enron. Arthur Anderson's auditors then destroy all of Enron's files to hide the unethical practices that both companies used to gain revenue. Employees are now worried about their job and financial security. Instead of accepting the financial ruin his company is in, Kenneth sent out the message to the entire company to invest more in the company's stock because they believed it would soon recover. Enron admits to SEC that it inflated its profits by $2.1 billion. In December 2001, Enron files for Chapter 11 bankruptcy and its stock low point is $0.26 per share, valued at $38 billion..