TIMELINE OF THE SCANDAL

1986
1990s
1992
Oct 16,
01
Oct 22,
01

Houston Natural Gas and InterNorth merged by Kenneth Lay to form

ENRON
Natural gas deregulated in NA, Enron becomes the largest seller of natural
gas
Enron becomes 7th largest company in US, shares reach a high of $90
Enron posts a 3rd quarter loss of $638 million
Securities and Exchange Commission launches enquiry into Enrons
finances

Nov 8, 01

Enron files documents with SEC revising its financial statements for
previous five years to account for $586 million in losses

Nov 9, 01

Dynegy Inc. announces agreement to buy Enron for more than $8 billion
in stock

Nov 19,
01

Enron discloses a $690 million debt is due Nov. 27

Nov 28,
01

Enron stock plunges below $1 as Dynegy Inc. aborts its plan to buy its
former rival, SEC expands investigation to include auditor Arthur Anderson

Dec 03,
01
Oct , 02

Enron files for bankruptcy, thousands of workers laid of

May , 06

The CFO, Andrew Fastow is indicted for being the mastermind behind the
scandal
The CEO Kenneth Lay and former CEO Jefrey Skilling convicted of
conspiracy to commit securities and wire fraud