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Enron Creditors Recovery Corporation (formerly Enron Corporation, former NYSE ticker symbol ENE) was an American energy company based in Houston, Texas. Enron has since become a popular symbol of willful corporate fraud and corruption. For most of 2007, Enron continued to operate under the name Enron Corp., its last remaining business, to Ashmore Energy International Ltd. At the end of 2001 it was revealed that its reported financial condition was sustained substantially by institutionalized, systematic, and creatively planned accounting fraud, sometimes called the "Enron scandal".In early 2007, Enron changed its name to Enron Creditors Recovery Corporation.S. history. On September 7, 2006, Enron sold Prisma Energy International Inc. Following the scandal, lawsuits against Enron's directors were notable because the directors settled the suits by paying very significant sums of money personally. It emerged from bankruptcy in November 2004 after one of the biggest and most complex bankruptcy cases in U. Its current goal is to liquidate all remaining assets of the company. by filing a Doing Business As, or "dba" certificate in Harris County, Texas. The scandal also caused the dissolution of the Arthur Andersen accounting firm, affecting the wider business world. to reflect its status as a (largely) asset-less shell corporation..Enron filed for bankruptcy protection in the Southern District of New York
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