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Posted by Bhumika Ghimire Jul 5, 2006 |
Lay, founder of energy giant Enron, was found guilty of fraud and conspiration in May, by a Huston jury.Enron collapse, one of the biggest scandal to rock corporate America,left around 4,000 jobless.Billions in stock market were wipped off.
In 2002,Sarbanes-Oxley Law was introduced to prevent this kind of corporate fraud and failures in future.