Enron didn’t begin as an energy trading company in 1985 when Kenneth Lay founded it. After the U.S. Congress adopted multiple laws deregulating the sale of natural gas, Enron lost the exclusive ...

Enron was an energy trading company that filed for bankruptcy in 2001 amid revelations it had overstated its earnings. The FBI described the case as “the most complex white-collar crime ...

However, that was not the case, and he was later found guilty of multiple counts of conspiracy, fraud and insider trading. Before he could serve his scheduled sentencing, Lay died in 2006.