Case Study On The Ethical Violation Of Kenneth Lay

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The Ethical Violation of Kenneth Lay
By: Jessica Barnett Kenneth Lay’s violation was one of the revolting and shameful ethics ever done. Kenneth was the CEO and the chairman of Enron, an energy company. His mistake caused the entire company that he worked for to go bankrupt, and ruined Arthur Andersen, which was a very large audit firm at the time. He was guilty of money laundering, bank fraud, and insider trading.
After he was caught and guilty, he was sentenced up to forty-five years in prison. Kenneth was born on April 15th, 1942. His hometown was Tyrone, Missouri. He also, sadly, died on July 5th, 2006, 10 years ago. He caused over 20,000 Enron employees to lose their jobs and their life savings, and he lost billions of investors.
In 2001,

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