Numerous laws were broken in the Enron scandal. The mail and wire fraud statutes of U.S. law criminalize the use of wires the enable a scheme to defraud or to obtain money by fraudulent means (Seitzinger, Morris, & Jickling, 2002). The honest-service statue, the law Skilling alleged broke that was then overturned, defines the fraud as a scheme to deprive another of the intangible right to honest service. Enron was subject to quite a few other laws that were broken.
The company was supposed to disclose all information concerning federal securities to any public investor so that the public can make investment decisions. The two major security laws that were broker were the Securities Act of 1933 and the Securities Exchange Act of 1934.
The company was supposed to disclose all information concerning federal securities to any public investor so that the public can make investment decisions. The two major security laws that were broker were the Securities Act of 1933 and the Securities Exchange Act of 1934.