A closer look
Enron partnered directly with Blockbuster in the year 2000 to create a revolutionary broadband video-on-demand service that completely collapsed before anyone could actually use it. The corporate giant claimed they had the futuristic fiber-optic network required to stream movies directly to homes, causing their stock prices to artificially surge based purely on hype and misleading press releases. In reality, the underlying technology barely functioned and the partnership dissolved within months, but Enron accountants still magically booked over a hundred million dollars in projected future profits from the failed venture. It is a masterclass in corporate fraud, demonstrating how you can literally invent imaginary money from an imaginary streaming service and still bankrupt a major energy corporation
