Enron, the failed vitality big that’s recognized for pulling off one of many largest fraud schemes in historical past, just isn’t launching a cryptocurrency challenge regardless of some social media hypothesis.
Earlier at present, a number of social media accounts began sharing a press launch saying a relaunch of the corporate that’s purportedly “devoted to fixing the worldwide vitality disaster.”
The press launch stated that “decentralized know-how” would play a job within the firm’s future, strongly hinting at a crypto pivot.
A number of outstanding X accounts in addition to some media retailers took the announcement at face worth. Nonetheless, many social media customers posting sarcastic replies didn’t understand that the joke was on them.
The announcement in query was truly revealed by a parody web site that’s meant for “leisure functions” solely.
Enron, which was amongst America’s largest corporations, ended up imploding within the early 2000s amid an enormous accounting scandal. The unlucky shareholders of the corporate misplaced a staggering $74 billion, which exhibits the sheer scope of the company and accounting fraud pulled off by Enron.
Jeffrey Skilling, the previous Enron boss, was launched again in 2019 after serving 14 years behind bars (he was initially purported to serve 24 years). Kenneth Lay, one other outstanding Enron govt, died of a coronary heart assault earlier than his sentencing.
Maybe, the truth that many crypto fans fell for the most recent sham highlights the sheer degree of market exuberance.
Some might need assumed that Enron was tempted to observe the instance of “pharma bro” Martin Shkreli who ended up dabbling in crypto after serving his jail time.