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Bigger than Enron? Not even close: http://usatoday30.usatoday.com/money/energy/2002-01-22-enron-numbers.htm http://usatoday30.usatoday.com/money/energy/2002-01-

• jacquesm 12y ago
  And that's just the primary, don't forget about the fall-out (Arthur Andersen implosion, for one (miraculously, they survived)).
  • hga 12y ago
    Only in a technical sense; Arthur Anderson is in a line of business where a criminal prosecution is pretty much a death sentence, a conviction absolutely so, even if later reserved. Per Wikipedia: In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm's handling of the auditing of Enron, an energy corporation based in Texas, which had filed for bankruptcy in 2001 and later failed. The other national accounting and consulting firms bought most of the practices of Arthur Andersen. The verdict was subsequently overturned by the Supreme Court of the United States. The damage to its reputation, however, has prevented it from returning as a viable business, though it still nominally exists.