Enron was an American energy company based in Houston, Texas, founded in 1985. It initially focused on natural gas and electricity trading but later expanded into various sectors, including broadband and water. At its peak, Enron was considered one of the most innovative companies in the world, boasting high stock prices and significant market influence. However, in 2001, Enron faced a massive scandal when it was revealed that the company had engaged in widespread accounting fraud. This led to its bankruptcy, which was one of the largest in U.S. history, and resulted in significant financial losses for investors and employees, as well as legal repercussions for key executives.