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Two decades after Enron's bankruptcy, the company is back as a crypto firm?


Enron was bigger than the Theranos scandal, before Theranos existed.

It began to report incredible revenues in excess of $100 billion a year, and the company's chief executive, Ken Lay, was among the most prominent people in Houston, where I live. Wikipedia does a nice job of summarizing what went down: "Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud." On the day the company filed for Chapter 11 bankruptcy, the paper's city editor, Wendy Benjaminson, came up to me and said, "Berger, you're good with numbers, aren't you?"

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