In 1980 EF Hutton issued checks for timberland uk than the balance they had in hand and used chaining and check kiting to get money without any interest from 400 banks. They were able to borrow $250 classic cardy boots per day without any interest A few more events followed till the stock market crash in 1987 and the merger of EH Hutton. Hutton pleaded guilty on 2000 counts for felony, paid $ 2 million fine plus $ 750 the cost of ugg boots uk. Securities and Exchange Commission allowed EF Hutton to stay in business In 2001 Enron Scam resulted in and also dissolution of Arthur Anderson.Enron was formed in 1985 by Kenneth Lay and the share was quoting $90 per share in 2000.