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Timeline of Enron's Collapse

May 28: Judges order Enron and its lenders and creditors to attempt to negotiate a settlement with shareholders.

May 1: Nine additional former Enron employees are indicted on various charges, including Andrew Fastow's wife.

_____The Fall of Enron_____
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Nov. 7: Andrew Fastow pleads not guilty after being indicted on 78 counts of conspiracy.

Oct. 31: A federal grand jury indicts Andrew Fastow on 78 counts of fraud and conspiracy, four weeks after he surrendered to the FBI and was released on $5 million bond.

Oct. 2: Former chief financial officer Andrew S. Fastow is charged with securities, wire and mail fraud, money laundering and conspiring to inflate Enron's profit. Fastow is the highest-ranking Enron officer to face criminal charges for his alleged role in the company's collapse into bankruptcy last year.

Sept. 13: Three British bankers are indicted on wire-fraud charges related to the Enron case.

Aug. 23: Millions of dollars in assets held by Andrew Fastow and his family are frozen.

Aug. 21: Michael Kopper, a former Enron executive, pleaded guilty to money laundering and wire fraud, becoming the first Enron official to be convicted.

May 23: A Senate committee, spurred by accusations from Sen. Joseph I. Lieberman (D-Conn.) that the White House was stalling to hand over Enron records, issued the first congressional subpoenas on the Bush administration.

May 17: David Duncan says he kept several potentially embarrassing Enron-related documents.

May 14: David Duncan, former Andersen auditor of Enron, tells a federal jury that he knew he had committed a crime when he instructed his colleagues to destroy documents.

May 8: Several current and former Enron board members appear before a Senate subcommittee.

May 7: Internal Enron documents show that the company had a hand in manipulating California's energy market with such maneuvers as transferring energy outside the state to evade price caps and creating phony "congestion" on power lines.

Apr. 24: The House passes accounting reform package, calling for stricter oversight and stricter disclosure policies in wake of the Enron scandal.

Apr. 18: Enron's post-collapse CEO Jeffrey MacMahon resigns, calling for outside leadership of the company.

Apr. 17: Arthur Anderson breaks settlement talks with the Justice department in the matter of the destruction of Enron related documents.

Apr. 17: A House committee approves legislation passing a new auditor oversight board.

Apr. 12: The Securities and Exchange Commission rejects Enron's bonus and severance plan, saying the firm did not reveal enough information about recipients of the proposed package.

Apr. 12: Accounting firm Arthur Anderson continues to seek deferred prosecution in exchange for an admission of wrongdoing in the destruction of Enron related documents.

Apr. 11: Suicide note left by John Clifford Baxter, former Enron vice chairman, is released.

Apr. 9: David Duncan, Arthur Anderson's lead Enron auditor, pleads guilty to obstruction of justice in destroying Enron-related documents.

Apr. 8: Lawyers for Enron shareholders seek to put on trial Wall Street practices of banks and brokerages, which played a crucial role in Enron's fraud on investors.

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