On December 2, 2001 Enron Corporation filed for chapter 11 bankruptcy, which was the largest bankruptcy petition in U.S. history. It had cleared out shareholder investments that had once been valued at more than $60 billion. Many of Enron's employees had large amounts of Enron stock in the company's retirement savings plans. As a result, they saw the value of their retirement savings first expand dramatically and then fall even faster after the Enron scam started. The names Arthur Anderson and Enron are two big names in the Utility and accounting industries, and are known throughout the world, they took advantage of not only investors but also the government and public as a whole, so the individuals involved can increase their personal wealth.…
