Enron scandal is by far the largest corporate scandal in history.

It is the most well-planned and properly designed corporate fraud, placing it as the seventh largest company in the United States.

The year 2001 shook the nation with the fall of Enron.

Enron was a multibillion dollar corporation that employed around 21,000 people by mid 2001.

After its collapse, these thousands were left unemployed and their lives were changed drastically.

The Enron scandal had connections spread out, extending right up to the White House.

An overview of enron scandal provides sufficient and ample evidence of government involvement or perhaps, participation of government officials in the crime.

The company had initially, at its foundation, taken huge amounts of money in debt.

Enron, however managed to grow out of it and suddenly accumulated huge successes and completely ignored business ethics engaging itself in fraud, fake reports of revenue and careless and thoughtless accounting practices.

GOVERNMENT ASSOCIATION?

The Enron Corporation scandal was associated with a number of private firms. Along with the private firms, Enron's crimes were also found to have been connected with government officials in the White House.

An overview of enron scandal shows that Enron never would have mounted to such heights without government aid and assistance. At least 21 U.S government representing agencies helped Enron in its climb towards success.

Enron's global coverage was only attained by this assistance, when it approved a $7.219 billion in public financing toward 38 projects in 29 countries.

Enron also created riots through blackouts lasting up to 20 hours. Enron had done this purposely so that it may increase prices. After the riots, eight people were killed.

With the help of government employees, Enron had connections in India, Guatemala, Panama and Columbia. Riots broke out in these countries as well. When Enron went bankrupt, these countries were affected adversely.

DOWNFALL AND IMPACT

The fall of Enron made history. It affected people from all walks of life; for the employees, it was either their misinformation, or perhaps, their greed; for the nation, it was huge losses after the collapse of the Company; and finally for the stock market, it influenced huge shortfalls.

On looking at the overview of enron scandal, it can be seen that its downfall and collapse affected many. Globally, it has established itself, and with its crumble, almost everyone felt its fall.

ENRON TODAY

Today, Enron is still fighting to survive. It is involved in a case with Dygeny. It is striving for a comeback even after it went bankrupt. Now, three new businesses have been created and born out of Enron.

This started in the year 2003 and unlike Enron, they were started as debt free companies. The overview of enron scandal has positive impacts as well. It has taught the nation awareness and wakefulness towards the importance of business and corporate ethics in the world.