Who Was Responsible For The Crimes Of Enron Essay

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In the case of who was responsible for the crimes of Enron, former CEO Jeff Skilling is most responsible. The court has charged Skilling with many counts of fraud, making false statements, conspiracy, and a insider statement. Skilling also quit right before Enron collapsed, so he saw Enron going down and all of Enron's secrets would come out once Enron collapsed, why he left. Here is why Skilling is held accountable for the crimes of Enron.
First, Jeff Skilling was charged with 12 counts of securities fraud. Skilling went out and changed the stock of the company to make it look like they were a great company. And he kept on doing that knowing that he was putting 20 million jobs in jeopardy, but also knowing he put his own in jeopardy, but by that time he would be set for generations. Accoring to www.justice.gov/, Skilling only really cared about money, and thought he could get away with this. Anyway it totally backfired on him and he got charged for 12 counts of securities fraud and he lost $60 million, and is now in jail, but that might not be enough for the 20 million people who lost their jobs. Skilling testified against the fraud saying that there was no such fraud. According to the documents, he did commit fraud. Skilling also lied to auditors. …show more content…

He told everyone that Enron was doing very good, when in all reality they were billions in debt. He kept on lying, like in court when he was getting charged he lied and said I did no such thing. He did not stop, it was like lying was second nature to him. According to www.sec.gov, he also lied about Enron's stocks, and he was also stealing from the company and he said he didn't steal a nickel. Everyone who was in Enron's top ten of power said that skilling was not lying, and even Skilling said he wasn't. If he wasn’t lying, then why did Enron collapse? Then why did Skilling

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