Enron — $63 Billion Fraud Collapse

Enron, once named 'America's Most Innovative Company' for six consecutive years, unraveled in 2001 after exposing $63 billion in off-balance-sheet fraud. The collapse destroyed 20,000 jobs and wiped out $60 billion in shareholder value overnight. This fraudulent scale is second only to Lehman Brothers' $639 billion bankruptcy in US corporate failure annals, and 50% larger than the typical billion-dollar fraud case.