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Because of its silent complicity in the Enron scandal, the Arthur Andersen company was also forced to close its doors. The fallout. In the end, 90,000 people lost their jobs; Enron employees, who had been encouraged to invest their retirement plans in company stock, lost $2 billion into the bargain. Stockholders lost another $70 billion in the Enron scandal, and the state of California sued for $6 billion in energy losses.
Enron's Demise Wasn't Skilling's Fault: Fastow 6:14 PM ET Wed, 26 June 2013. Former Enron Chief Financial Officer Andy Fastowâwho developed many of the structured finance transactions that are often blamed for the energy giant's epic 2001 collapseâsays the bankruptcy could have been avoided.