In 2001, the news was dominated by the Enron Corporation scandal. Enron was an American energy, commodities, and services company based in Houston, Texas. It was one of the largest companies in the United States before it declared bankruptcy in December 2001. The company was found to have committed widespread accounting fraud and other unethical business practices, leading to its collapse. The scandal resulted in the indictment of several of its executives and the dissolution of the company.