Business leaders and investors are naturally drawn to the next big thing. Being an early investor in an exciting project can bring not only massive returns, but it can also bring much needed innovation and credibility to your investment portfolio. What if you are the first to see promise in the next Bitcoin? However, for every exciting new venture, there are just as many fraudulent companies. The collapse of Enron, the mortgage-backed security failures, Theranos, and the massive swings in the crypto market are the direct consequence of ignoring the fundamentals and riding the hype, greed, and ignorance train. Despite the naysayers and FUD surrounding it, blockchain technology and crypto…
Former Enron CEO Jeffrey Skilling is working on creating a blockchain-based company in the oil and gas industry, according to an article in the Wall Street Journal. Skilling was recently released after serving more than 12 years in prison for his role in the Enron scandal, which saw the energy-trading firm collapse in 2001 due to an enormous accounting fraud scheme.