Weissmann, a major player in the Enron task force, made up a crime that resulted in the complete destruction of Arthur Andersen and the loss of more than 80,000 jobs for those employed by this prestigious audit and consulting firm.
Weissmann indicted the firm and within days, the firm was dissolved. None of its clients wanted to do business with an auditing firm that was indicted for breaking the law. Arthur Andersen’s more than 80,000 employees were suddenly out of work.
Weissmann’s case was eventually overturned by the US Supreme Court unanimously a few years later but it was far too late for all involved because the company was totally destroyed years before the Supreme Court decision.