In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries. But the firm's success turned out to have involved an elaborate scam.
Enron Scandal Revealed. In the months following 9/11, the illegal activity caught up with Enron and the company failed. Enron stock holders lost nearly $11 billion, and the resulting scandal marked the largest bankruptcy reorganization in American history at that time.
An alarming study links fraud in the Enron scandal to similar practices at charter schools
Wray rose to head the department's criminal division in the Bush administration and oversaw investigations into corporate fraud, at a time when Comey was deputy attorney general. Wray took charge of a task force of prosecutors and FBI agents created to investigate the Enron scandal. Sessions said in a statement that Wray "combines a brilliant legal mind, outstanding accomplishments, and a proven record of public service." Thomas O'Connor, president of the FBI Agents Association, said that…