Enron

Former energy company Enron holds its place in history as one of the largest accounting scandals in U.S. history. A social media account claiming to be the energy company is teasing a comeback on the 23rd anniversary of the company's bankruptcy. What Happened: Anyone around the financial markets...

In a digital showdown echoing past corporate scandals, Facebook co-founder Dustin Moskovitz set off a firestorm on Thursday, leveling allegations of fraudulent practices against Elon Musk’s Tesla (NASDAQ:TSLA). Comparing Tesla’s actions to the notorious downfall of Enron, Moskovitz...

The long-awaited sentencing for cryptocurrency fraudster and FTX co-founder Sam Bankman-Fried was announced Thursday, Match 28, by Judge Lewis A. Kaplan. Bankman-Fried, 32, was found guilty of fraud charges related to his actions at FTX and Alameda Research. He received 25 years in prison. The...

The history of finance is riddled riddled with tales of ambition gone awry, leading to some of the most significant scandals that have rocked the industry's foundations. As FTX founder Sam Bankman-Fried gears up for his court testimony, let's trace back to some monumental controversies...

Bankrupt cryptocurrency exchange FTX paid more than $30 million in February legal fees and adviser compensation, according to bankruptcy court filings. The fees were incurred by a half-dozen firms, including Sullivan & Cromwell, Landis Rath & Cobb, AlixPartners, Perella Weinberg...

A search on eBay Inc (NASDAQ: EBAY) shows 130 results for “Silicon Valley Bank,” the regional bank that was recently shut down and taken over by the FDIC. The bank, a unit of SVB Financial Group (NASDAQ: SIVB), is now the subject of a rush from collectors for authentic merchandise and...

A new documentary from one of the biggest names in the film industry will center on the life of Elon Musk. Here’s a look at the details of the film and the person behind it. What Happened: As the CEO of Tesla Inc (NASDAQ: TSLA), Twitter and SpaceX, Musk is one of the most widely watched...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Dec. 2, 2001, Enron officially filed for bankruptcy. Where The Market Was: The Dow Jones Industrial Average traded at 9,851.56 and the S&P 500 traded at 1,139.45. What Else Was...

U.S. President Donald Trump has signed a bill calling for the delisting of foreign companies that don't adhere to the same accounting transparency standards that securities regulators impose on public U.S. firms. Why It Matters: The Holding Foreign Companies Accountable Act takes aim at Chinese...

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2001, Enron CEO Jeffrey Skilling called Highfields Capital analyst Richard Grubman an “a--hole” on Enron’s public earnings conference call. Where The Market Was...

Exchange-traded funds are a great tool for investors because they offer exposure to many different companies under one stock symbol. But count CNBC's Jim Cramer among the many people who hate ETFs. If there is one particular event that brought ETFs into the spotlight it is the bankruptcy of...

Chelsea Manning, Edward Snowden, Julian Assange, Deep Throat. You know the names. Whether you consider them informants, patriots or glorified tattle-tales, whistleblowers have significantly impacted United States history. They‘ve alerted us to illegal or unethical activity in public and...

Gentex Corporation (NASDAQ: GNTX) shares are sliding on Thursday after short seller Spruce Point Capital founded by Ben Axler released a new short report on the company, titled "A Dim and Grim Outlook." The hedge fund issued a Strong Sell recommendation on the stock, reasoning that there is scope...

By killing himself in his prison cell while awaiting appeal of a murder conviction, former National Football League tight end Aaron Hernandez essentially died an innocent man under a Massachusetts law that once protected the assets of the late Enron CEO. As a result, the New England Patriots may...

The media plays an important role in shaping the opinions of the public, and public opinion is critical for companies and their reputations. When journalists and companies don’t see eye-to-eye, the sparks can often fly in a very public manner. Here’s a look at several times journalists...