10 Biggest Insider Trading Scandals Ever to Rock Companies

Page 5 of 11

7. Enron

The Enron scandal was at the time the biggest corporate bankruptcy in the history of the United States and its collapse sent shockwaves throughout the American economy. Mainly, it was an accounting fraud, but several of Enron’s high ranking officials were sentenced for insider trading as well. Both Kenneth Lay and Jeffrey Skilling, as well as several others, sold large quantities of Enron’s shares just before their value hit rock bottom. Other shareholders, without access to insider information, lost about $74 billion when the value of their shares evaporated.

Page 5 of 11